AMS Polymers shareholders unanimously approve ₹20 crore borrowing limit
- Shareholders approved all seven resolutions with 100% assent and zero dissent
- Board empowered to borrow up to ₹20 crore under Section 180(1)(c)
- E-voting accounted for 83.25% of total valid votes for major financial resolutions
- Amber Goel re-appointed as Director; Statutory Auditor appointment approved
- Related party transactions and Section 185/186 approvals also passed unanimously
*this image is generated using AI for illustrative purposes only.
AMS Polymers Limited shareholders unanimously approved all seven resolutions passed at its 41st Annual General Meeting, held on September 30, 2026. The voting results, disclosed in a scrutinizer’s report submitted on October 3, 2026, show zero dissenting votes across all ordinary and special business items.
The most significant approval was the special resolution empowering the Board to borrow money up to a limit of ₹20 crore under Section 180(1)(c) of the Companies Act, 2013. This resolution received 100% support from both electronic voting and physical poll participants.
Voting results breakdown
The consolidated voting data reveals a clear split in participation methods, with e-voting accounting for the majority of shares voted for key financial resolutions. For the borrowing limit and other major items, 83.25% of the votes were cast via e-voting, while 16.75% were cast by poll.
| Resolution | Nature | Assent (For) | Dissent (Against) | Total Valid Votes |
|---|---|---|---|---|
| Adoption of FY26 Financial Statements | Ordinary | 1,216,243 (100%) | 0 | 1,216,243 |
| Re-appointment of Amber Goel | Ordinary | 203,793 (100%) | 0 | 203,793 |
| Appointment of Statutory Auditor | Ordinary | 1,216,243 (100%) | 0 | 1,216,243 |
| Approval of Related Party Transactions | Special | 203,793 (100%) | 0 | 203,793 |
| Borrowing limit up to ₹20 crore | Special | 1,216,243 (100%) | 0 | 1,216,243 |
| Transactions under Section 185 | Special | 203,793 (100%) | 0 | 203,793 |
| Loans/Investments under Section 186 | Special | 1,216,243 (100%) | 0 | 1,216,243 |
Scrutinizer’s report details
Mr. Kundan Agrawal, Practicing Company Secretary, served as the scrutinizer for the meeting. The report confirms that the e-voting period remained open from September 27, 2026, to September 29, 2026. Members holding equity shares as of the cut-off date, September 23, 2026, were eligible to vote.
For resolutions related to related party transactions, director re-appointment, and Section 185 approvals, the total valid votes stood at 203,793. In contrast, resolutions concerning financial statements, auditor appointment, borrowing limits, and Section 186 powers saw a higher participation base of 1,216,243 valid votes. All resolutions passed with the requisite majority without any invalid votes recorded.
Procedural compliance
The meeting was conducted in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The scrutinizer verified that the ballot box was locked and sealed in the presence of the Chairman and officials. The results were reconciled with records maintained by the Registrar and Transfer Agents. The Company Secretary, Dilshad Ahmed, signed the submission to BSE, Ahmedabad Stock Exchange, Delhi Stock Exchange, and Ludhiana Stock Exchange.
Historical Stock Returns for Ams Polymers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.93% | -8.94% | -16.43% | -0.35% | 0.0% | 0.0% |
How will AMS Polymers deploy the newly authorized ₹20 crore borrowing limit, and what specific capital expenditure or working capital needs does it address?
What impact will the increased debt capacity have on AMS Polymers' interest coverage ratio and overall credit profile in the coming fiscal year?
Are there any pending regulatory filings or lender negotiations that need to be completed before the Board can execute borrowings under the new Section 180(1)(c) authorization?
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