Ponni Sugars (Erode) Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on Jun 24, 2026 and Annual Report for FY 2025-26
PONNIERODE · price
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Ponni Sugars (Erode) Limited has released its 30th Annual Report for FY 2025-26 with exceptional financial performance. Total income rose to ₹429 crores from ₹371 crores, while Profit After Tax more than doubled to ₹48 crores from ₹19 crores, driven by record power exports and a significant ₹51.64 crore exceptional income from a favourable APTEL judgment on electricity tariff. EPS surged to ₹55.85 from ₹22.42. The Board has recommended a dividend of ₹5 per share (up from ₹3), payable to shareholders on record as of June 5, 2026. The AGM will be held on June 24, 2026 via video conference, with e-voting from June 20-23, 2026. Key agenda items include reappointment of Chairman N Gopala Ratnam (79 years, requires special resolution), renewal of commission to non-executive directors, and ratification of cost auditor remuneration.
Strong financial results with all-time high profits and increased dividend are positive for shareholders. The exceptional income from the electricity tariff case provides a significant one-time boost, though investors should note this is non-recurring. The dividend increase signals management confidence in sustained profitability.