Announced Mon, 29 Sept · 13:26 IST

Proceeding of the 55th Annual General Meting

Board & Shareholder Meetings View source PDF

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Price reaction · full curve

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AI summary

Premier Synthetics Ltd held its 55th Annual General Meeting on 29th September 2025, chaired by Managing Director Mr. Gautamchand Surana, with 25 members present. Members approved the audited financial statements for FY ended 31st March 2025, with no qualifications in the Audit Report, and declared a dividend on Non-convertible Non-Cumulative Redeemable Preference Shares. Re-appointment of Mr. Sanjaykumar Majethia as a director (retiring by rotation) was approved. Under special business, shareholders approved Related Party Transactions of up to Rs. 80 Crores for FY 2025-26, the appointment of Ms. Savita Gupta as Independent Director, M/s. Jigar Trivedi & Co. as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30), insertion of an additional business activity in the main Object Clause, and a resolution under Section 180(1)(a) of the Companies Act, 2013. The meeting concluded at 1:05 PM; e-voting results will be filed separately within two working days.

Likely market impact

Routine AGM disclosure with no negative surprises — clean audit report and smooth approval of all resolutions, including a meaningful Rs. 80 Crore related-party transaction limit, an expanded business scope, and refreshed governance with a new Independent Director and Secretarial Auditor.