Premier Polyfilm Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 24, 2025
PREMIERPOL · price
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Premier Polyfilm Limited has informed the exchanges about its 33rd Annual General Meeting (AGM) to be held on Wednesday, September 24, 2025 at 3:30 PM through video conferencing. The AGM agenda includes adoption of the audited financial statements for FY 2024-25 and declaration of a final dividend of 15% (₹0.15 per equity share of ₹1 face value). Shareholders will also vote on the re-appointment of Shri Ram Babu Verma (who retires by rotation) and his continuation as Executive Director for 12 months (Dec 2025 to Dec 2026) at a basic salary of ₹90,500 per month. A second special resolution seeks approval to appoint Shri Mayank Goenka as Executive Director for 3 years (July 2025 to July 2028) at a basic salary of ₹5,00,000 per month. The company is also seeking shareholder approval to appoint M/s Sumit Bajaj & Associates as Secretarial Auditors for 5 years (FY 2025-26 to FY 2029-30) and to ratify Cost Auditor remuneration of ₹55,000 (plus GST) for FY 2025-26.
Shareholders on the record date of September 17, 2025 will be eligible for the proposed ₹0.15 per share dividend, payable after AGM approval. E-voting opens September 21 and closes September 23, 2025; shareholders must update KYC, PAN and bank details with the RTA (Beetal Financial) by September 9, 2025 to receive the dividend without deductions or delays. The proposed executive remuneration for Shri Mayank Goenka represents a significant fixed cost commitment for the company over the next three years.