Notice of 40th AGM and Annual Report for the year 2024 - 25
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Polyspin Exports Ltd has sent notice for its 40th Annual General Meeting scheduled for Friday, 29th August 2025 at 11:00 A.M., to be held via video conferencing. The AGM agenda includes adoption of audited financial statements for FY 2024-25, re-appointment of Smt. Durga Ramji (wife of MD Shri R. Ramji) as director retiring by rotation, and appointment of Shri B. Subramanian as Secretarial Auditor for five years from FY 2025-26 at Rs. 50,000 per year. Company turnover rose to Rs. 225.14 crores from Rs. 202.21 crores in the previous year, driven by better US demand for its FIBC bags and OE spinning yarn. No dividend has been recommended for FY 2024-25, though Rs. 1.50 crores will be transferred to general reserves. The cut-off date for e-voting is 22nd August 2025, with remote voting open from 26th to 28th August 2025.
Shareholders should note that no dividend will be paid this year despite higher turnover, which may weigh on income-focused investors. However, revenue growth of about 11% signals operational recovery. The director re-appointment and secretarial auditor change are routine procedural items needing shareholder approval.