Plastiblends India Limited has informed the Exchange about Shareholders meeting
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Plastiblends India Limited has filed the notice for its 34th Annual General Meeting scheduled for Tuesday, July 15, 2025 at 4:00 p.m. through video conferencing, along with the Annual Report for FY 2024-25. The company has proposed a final dividend of ₹2.50 per share (50%) on equity shares of ₹5 face value, subject to shareholder approval. For FY 2024-25, the company reported revenue of ₹78,045.35 lakhs (down from ₹80,216.16 lakhs in FY 2023-24) and net profit of ₹3,344.24 lakhs (down from ₹3,452.52 lakhs), with EPS declining to ₹12.87 from ₹13.28. The record date for dividend eligibility is July 8, 2025, and remote e-voting will be open from July 12 to July 14, 2025. Key agenda items include the reappointment of two directors, appointment of a new Independent Director, and ratification of secretarial and cost auditors.
Shareholders will receive a lower dividend (₹2.50 vs ₹4.25 last year) reflecting the modest decline in profits and revenues during FY 2024-25. The book value per share has improved to ₹164.51 from ₹155.99, indicating retained earnings growth, but the overall financial performance shows a mild contraction that may temper short-term sentiment.