Outcome / Proceedings of 38th Annual General Meeting (AGM) of the Company held on 25th September, 2025 at 3:00 p.m. via Video Conferencing (VC) / Other Audio Visual Means (OAVM).
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Polymechplast Machines Ltd held its 38th AGM on 25th September 2025 via video conferencing from 3:00 p.m. to 4:00 p.m., with all directors including Chairman & MD Mr. Mahendrabhai Bhuva, Whole Time Director Mr. Himmatlal Bhuva, and Independent Directors in attendance. Shareholders were presented with the audited standalone and consolidated financial statements for FY ended 31st March 2025, which received unqualified opinions from both statutory and secretarial auditors. A dividend of Rs. 1 per share (10%) was approved for FY25. Key resolutions included re-appointing Mr. Mahendrabhai Bhuva as Executive Chairman for 3 years, appointing Mr. Himmatlal Bhuva as Managing Director for 3 years, and elevating Mr. Anand Bhuva as Executive Director. The AGM also approved the appointment of M/s. Devesh Pathak & Associates as Secretarial Auditors for 5 years (FY26–FY30) and adoption of new Memorandum and Articles of Association aligned with the Companies Act, 2013. E-voting results will be announced within 2 working days and posted on the company and BSE websites.
The 10% dividend (Rs. 1/share) is a modest but tangible return for shareholders, while senior leadership continuity and the Bhuva family retaining executive control signals management stability. The adoption of new MoA/AoA and 5-year secretarial auditor appointment reflect routine governance housekeeping with no material impact expected on the stock price.