Tamilnadu PetroProducts Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 17, 2025
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Tamilnadu PetroProducts has notified the exchange about its 40th AGM scheduled for Wednesday, September 17, 2025 at 2:00 PM (IST), to be held via Video Conference. The Annual Report for FY 2024-25 has been dispatched to shareholders and is available on the company website and CDSL platform. Key FY24-25 financials show Revenue from Operations of Rs 1,826.78 crore (up ~9.5% YoY from Rs 1,668.57 crore), EBITDA of Rs 84.14 crore (down from Rs 100.82 crore), PBT of Rs 71.13 crore, and PAT of Rs 51.43 crore (up ~20% from Rs 42.78 crore), with EPS at Rs 5.72. Shareholders will vote on adopting the financials, declaring a dividend of Rs 1.20 per equity share (12%), re-appointing Mr. Ashwin C Muthiah as Director, approving auditor remuneration hikes, appointing new Secretarial Auditors for 5 years, and approving material related party transactions with Manali Petrochemicals Limited worth Rs 425 crore for Oct 2025-Sep 2026.
The Rs 1.20 per share dividend offers modest income to shareholders, while the decline in EBITDA margins (4.61% vs 6.04% prior year) despite revenue growth may be a concern for investors. The Rs 425 crore related party transaction with Manali Petrochemicals reflects ongoing business dependence on the associate and is largely procedural, requiring routine shareholder approval.