Submission of Annual Report for the year ended 31/03/2025
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Padmanabh Alloys & Polymers Ltd has filed its 30th Annual Report for FY ended 31 March 2025 with BSE. Turnover fell to ₹3,903.62 Lakhs from ₹4,224.03 Lakhs in FY24, and net profit dropped sharply to ₹23.88 Lakhs from ₹48.27 Lakhs the previous year. The Board has not recommended any dividend and does not propose to transfer any amount to reserves. During the year, the company appointed a new CEO (Dhwanil Chetankumar Desai) effective April 2024, two new independent directors in September 2024, and saw three independent directors resign in August 2024. BSE also approved the company's application for reclassification of promoters in October 2024.
Both revenue and profit declined meaningfully year-on-year, signalling weaker operational performance for shareholders. No dividend payout has been declared this year, so investors will not receive any returns from the company in the near term. The 30th AGM is scheduled for 29 September 2025, where shareholders will vote on adopting the financial statements and reappointment of a director.