106th Annual Report for the FY 2024-25
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PBM Polytex has submitted its 106th Annual Report for FY 2024-25 along with the AGM Notice to BSE. The 106th AGM is scheduled for September 26, 2025, via video conferencing. Ordinary business includes adoption of standalone and consolidated financial statements and reappointment of two retiring directors (Gopal Patodia and Krishan Kumar Patodia) by rotation. Special business includes ratification of Cost Auditor remuneration (Rs. 60,000), appointment of M/s J J Gandhi & Co. as Secretarial Auditor for five years (FY 2025-26 to 2029-30), and revision in remuneration for Shri Amit Patodia, Senior President cum CEO and son of Managing Director Gopal Patodia, from Rs. 1.98 lakh/month to up to Rs. 60 lakh per annum. Partial financial highlights visible in the Directors' Report show EBITDA at Rs. (214.93) lakhs for FY25 versus Rs. (418.41) lakhs for FY24, indicating a negative but improving operating performance.
This is largely a procedural/compliance filing — the Annual Report itself contains the detailed financials shareholders need to review. Shareholders should watch the related-party remuneration hike for the CEO (who is the MD's son) and the AGM voting items. Negative EBITDA for the second consecutive year signals ongoing operational stress despite year-on-year improvement.