Punjab Chemicals & Crop Protection Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 29, 2025
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Punjab Chemicals & Crop Protection Limited held its 49th AGM on July 29, 2025, via video conferencing, with 60 members in attendance. Both the Statutory Auditors (B S R & Co. LLP) and Secretarial Auditors gave unqualified opinions on the FY2024-25 financial statements. The Chairman reported FY2024-25 revenue from operations of INR 901 crores, a marginal dip from market headwinds, while gross margins improved by 160 basis points to 40.3% and four new products contributed 12% to the top line. The company shifted its market mix, with domestic business now at 62% (INR 556 crores) and international at INR 346 crores. Shareholders transacted 10 resolutions, including adoption of financial statements, declaration of a dividend, re-appointment of two directors, appointment of two new independent directors, and ratification of cost auditor remuneration. The meeting concluded at 10:45 AM with voting results to be announced separately.
Routine AGM proceedings with no negative surprises — clean audit reports, continued dividend, and steady operational performance should reassure shareholders. The improved margins and successful commercialization of new products point to a stable outlook despite the slight revenue dip, though the China-plus-one opportunity and expansion into Latin America and the EU remain key future growth catalysts to watch.