Chairman Speech at Extra-Ordinary General Meeting of the Company held on Friday, 05 September, 2025 at 11:30 AM through Video Conferencing.
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PG Foils held an Extra-Ordinary General Meeting via video conferencing, where the Chairman shared Q1 FY26 (April–June 2025) financial highlights. Turnover stood at Rs. 81.80 crore, Profit Before Tax at Rs. 12.31 crore, and Profit After Tax at Rs. 9.30 crore. Exports during the quarter were approximately Rs. 24 crore. The key resolution discussed was appointing M/s Jain P.C. & Associates as the new statutory auditor to fill a casual vacancy caused by the resignation of the previous auditor, Gupta Akash & Associates, due to a medical emergency. The Chairman thanked the Board and staff for maintaining governance and operational continuity.
The Q1 numbers show strong profitability with PAT margin of around 11%, and healthy export contribution of nearly 30% of quarterly turnover, which is positive for shareholders. The auditor change is a routine governance matter and not expected to materially affect operations or stock price.