We are herewith submitting the soft copy of 33rd Annual Report of the company for the financial year 2024-25, which is being sent to the shareholders through electronic mode on their registered ....
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Pankaj Polymers Ltd has submitted its 33rd Annual Report for FY2024-25 to BSE and informed shareholders that the 33rd AGM will be held on 29th September 2025 at Secunderabad. The company reported a net loss of Rs 12.94 lakhs in FY25, slightly wider than the Rs 12.78 lakhs loss in FY24. Revenue from operations fell to Rs 149.92 lakhs from Rs 176.30 lakhs, a decline of about 15%. Profit before Interest, Depreciation and Tax dropped to Rs 16.73 lakhs from Rs 23.98 lakhs, while interest costs of Rs 21.16 lakhs continued to exceed operating profits. No dividend was recommended. The AGM notice seeks shareholder approval for: appointment of Ashutosh Gupta as Independent Director, appointment of N. Madhavi & Associates as Secretarial Auditors for 5 years, related party transactions with group entities (Pankaj Polytec, Pankaj Capfin, Pankaj Strips) aggregating roughly Rs 22 crores, and loans/guarantees under Section 185 up to Rs 12 crores to group companies. The CFO also changed mid-year (T. Brahmaiah resigned, P. Hari Krishna appointed from 16 Aug 2025).
The company remains loss-making with declining revenue and interest costs eating into operating profits, which is a concern for shareholders. The proposed related party transactions and intra-group loans are sizable relative to the company's size (revenue under Rs 2 crore), so shareholders should review the terms and arm's-length basis carefully when voting at the AGM.