Kindly find attached herewith the notice of the Twentieth (20) Annual General Meeting of the Company scheduled to be held on Tuesday, September 30, 2025, at 5 pm at A-207, 2" Floor, Plot ....
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Awaiting price reaction for this filing.
The company has filed the notice for its 20th AGM to be held on September 30, 2025 at 5 PM in Mumbai, along with the Annual Report for FY 2024-25. Key financial highlights: total income rose to Rs. 3,507 lakhs (up from Rs. 3,067 lakhs), but net profit before tax declined to Rs. 241 lakhs (from Rs. 358 lakhs). Net profit after tax for the year stood at Rs. 193 lakhs vs Rs. 24.5 lakhs prior. No dividend has been recommended. The company is setting up a new plant at Vadgaon, Khalapur (Raigad) for gaskets, industrial bellows, and chemicals at an estimated cost of Rs. 1,600 lakhs, partly funded by a Rs. 431 lakh ICICI Bank term loan. It also allotted 3,65,000 convertible warrants at Rs. 210 each, receiving Rs. 191.63 lakhs.
This is a routine AGM notice — no immediate price action expected, though the flat-to-lower profits despite revenue growth may draw attention. The expansion plan signals future growth potential but also adds execution and debt-servicing risk. Shareholders should note the book closure period (Sep 22-29) for AGM eligibility.