Ponni Sugars (Erode) Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on June 11, 2025
PONNIERODE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ponni Sugars (Erode) held its 29th AGM on June 11, 2025 via video conference, attended by 64 shareholders representing 47.78% of equity shares. All five resolutions were passed with over 99.9% approval, including declaration of a reduced dividend of Rs.3 per equity share for FY 2024-25 (down from prior years), reappointment of Mrs Bharti Chhotubhai Pithawalla as Director, appointment of V Suresh Associates as Secretarial Auditor for five years (FY26-FY30), and ratification of Cost Auditor remuneration at Rs.2 lakh plus GST. The company reported a sharp decline in FY25 performance: cane crushed fell 21% to 6.82 lakh tonnes, sugar production dropped 24% to 62,729 tonnes, and sugar recovery slipped to 9.17% — the lowest in seven years. PAT collapsed to Rs.19 crore from Rs.47 crore in FY24, with EPS falling to Rs.22.42 from Rs.54.49. Despite this, the company maintained 25 consecutive quarters of positive PBT and reported strong book value of Rs.359 per share.
Shareholders receive a meaningfully lower dividend (Rs.3 vs higher payouts previously), reflecting weaker earnings. The significant drop in profits and key operating metrics may weigh on the stock sentiment in the near term, though consistent profitability over 25 quarters and a strong balance sheet provide some cushion. The outlook indicates continued margin pressure with only a marginal recovery expected in FY26.