The Outcome of the Board Meeting is attached.
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Pet Plastics Limited's board approved audited standalone and consolidated financial results for Q4 and the year ended March 31, 2025, with the auditor issuing an unmodified opinion. Revenue from operations dropped sharply to Rs. 453.54 lakhs in FY25 from Rs. 737.24 lakhs in FY24, a decline of roughly 38.5%. Standalone profit after tax rose modestly to around Rs. 14.55 lakhs (EPS Rs. 2.91) versus Rs. 13.30 lakhs (EPS Rs. 2.66) last year, while consolidated PAT slipped slightly to Rs. 9.43 lakhs from Rs. 9.62 lakhs. The auditor flagged emphasis-of-matter notes on unreconciled cash, receivable, loan and payable balances, pending GST reconciliations, and significant merchant-trading transactions worth over Rs. 800 lakhs in purchases and sales. The board also accepted the resignation of Independent Director Santosh Unmegh and appointed Harshad Patel as new Independent Director and Abhinath Shinde as Additional Managing Director, both for 5-year terms subject to shareholder approval.
The steep revenue contraction is a clear concern even though standalone bottom-line ticked up, and the repeated emphasis-of-matter notes on unconfirmed balances and GST may dent investor confidence. Director changes are routine governance items pending shareholder approval at the AGM.