Submission of Annual Report with Notice of 55th Annual General Meeting for FY 2024-25
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Premier Synthetics Limited has submitted its Annual Report for FY 2024-25 along with the notice for its 55th Annual General Meeting, scheduled for Monday, 29th September 2025 at 12:30 PM at the registered office in Ahmedabad. The AGM will consider adoption of audited financial statements, declaration of dividend on preference shares, and re-appointment of director Mr. Sanjaykumar Majethia who retires by rotation. Key special business items include approval of related party transactions worth up to Rs. 80 crore for FY 2025-26 with three related entities (Premier Spintex Rs. 50 cr, Sun Insulators Rs. 25 cr, Vijay Stationeries Rs. 5 cr), appointment of Ms. Savita Gupta as Independent Director for 5 years, appointment of M/s. Jigar Trivedi & Co. as Secretarial Auditor for 5 years (FY 2025-26 to FY 2029-30), addition of consultancy services to the main objects of the company, and approval to sell a 18,284 sq. mtr. land parcel at Rakanpur, Gandhinagar for a minimum of Rs. 6 crore. Record date for e-voting eligibility is 19th September 2025, with remote e-voting running from 22nd to 28th September 2025.
For shareholders: The Rs. 6 crore land sale and addition of consultancy as a new business line signal potential restructuring and diversification. The Rs. 80 crore related party transactions are material and worth monitoring, though the company states they are at arm's length. Dividend on preference shares and routine director re-appointment are procedural. Shareholders should review the full annual report for FY 2024-25 financial performance before the AGM.