Annual Report for the financial year 2024-25
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Swashthik Plascon Ltd has submitted its Annual Report for FY 2024-25 along with the Notice of its 14th Annual General Meeting, scheduled for Tuesday, 23rd September 2025 at 1:00 PM at the registered office in Puducherry. The AGM agenda includes adoption of standalone and consolidated audited financial statements and re-appointment of Mrs. Mahendrakumar Nirmala (DIN: 03174030), a Non-Executive Director, who retires by rotation. Shareholders will also vote on approving related party transactions with five related parties for FY 2025-26 — Swashthik Preforms (up to Rs. 60 cr), Swashthik Industries (up to Rs. 60 cr), Swashthik Pet Packaging (up to Rs. 50 cr combined for rent/freight and finished goods), Paalaghad Pet Bottle (up to Rs. 30 cr), and Swashthik Poliemers (up to Rs. 40 cr) — totaling around Rs. 240 crores. The Board is also seeking approval to appoint M/s Dilip Swarnkar & Associates as Secretarial Auditor for a five-year term (FY 2025-26 to FY 2029-30). Remote e-voting will be open from 20th to 22nd September 2025, with the cut-off date set at 16th September 2025.
This is a routine annual compliance filing, but shareholders should pay attention to the related party transaction approvals, as these involve promoter-linked entities and represent up to 41.73% of consolidated turnover. Shareholders holding shares as of the 16th September 2025 cut-off date are eligible to vote, and those unable to attend in person can use the NSDL e-voting facility.