AMS Polymers has scheduled its 41st Annual General Meeting (AGM) for September 30, 2026. The Board of Directors approved the company’s FY26 financial statements and authorized borrowing powers in a meeting held on September 3, 2026.

The company notified the BSE Limited that its Register of Members and Share Transfer Books will remain closed from September 24 to September 30, 2026 (both days inclusive) for the purpose of the AGM. This book closure period aligns with the eligibility criteria for shareholders on record during these dates.

The AGM will be held at 9:30 am at the company’s registered office in Delhi. E-voting is open from September 27, 2026, at 9:00 am to September 29, 2026, at 5:00 pm. National Securities Depository Limited (NSDL) will handle the e-voting process, with M/s. Kundan Agrawal & Associates appointed as the scrutinizer.

Financial Performance for FY26

The company reported a total income of ₹10,963.34 lakh for FY26, an increase from ₹10,096.59 lakh in the previous year. Profit before tax stood at ₹111.20 lakh, compared to ₹101.59 lakh in FY25. After tax provisions of ₹31.98 lakh and deferred tax liabilities of ₹0.39 lakh, the profit after tax was ₹78.83 lakh, up from ₹77.02 lakh in FY25.

Due to insufficient profits, the directors did not recommend a dividend or transfer any amount to reserves for the year under review.

Key Corporate Actions

Shareholders will vote on several special resolutions at the upcoming AGM:

• Borrowing Limit: Empower the board to borrow up to ₹20 crore under Section 180(1)(c) of the Companies Act, 2013.
• Related Party Transactions: Approve transactions with related parties, including sales/purchases with Annu Industries Pvt. Ltd. (up to ₹150 crore), AMS Specialities Pvt. Ltd. (up to ₹50 crore), and unsecured loans to Shreshtha Securities Pvt. Ltd. (up to ₹10 crore) and certain directors (up to ₹1.5 crore each).
• Auditor Appointment: Appoint M/s. KVA & Company as statutory auditors for five years, following the resignation of M/s. Roshan Agrawal & Associates due to pre-occupation.
• Loans and Investments: Authorize loans, investments, or guarantees up to ₹15 crore under Section 185 and ₹20 crore under Section 186 of the Companies Act, 2013.

What the Numbers Show

While revenue grew by approximately 8.6%, net profit increased marginally by 2.4%. This divergence suggests operating margins remained thin despite higher sales volumes. The company’s total assets decreased from ₹736,125.55 thousand in FY25 to ₹500,743.02 thousand in FY26, driven primarily by a significant reduction in trade receivables from ₹557,914.04 thousand to ₹427,367.09 thousand. This improvement in working capital efficiency contrasts with the modest growth in bottom-line profitability.

Auditor Changes

M/s. Roshan Agrawal & Associates resigned as statutory auditors effective June 30, 2026. The board appointed M/s. KVA & Company to fill the casual vacancy, subject to shareholder approval for a five-year term commencing from the conclusion of the current AGM until the 46th AGM.

ams polymers reported a net profit of ₹27.67 lakh for the quarter ended June 30, 2026, up 170% from ₹10.24 lakh in the same period last year. The Delhi-based industrial chemicals trader saw revenue from operations climb 36% year-on-year to ₹3,634.22 lakh, driven by increased trading volumes. The Board of Directors approved the standalone unaudited financial results on August 11, 2026, following a review by statutory auditors KVA & Company.

The company’s total income reached ₹3,636.39 lakh, compared to ₹2,668.79 lakh in Q1FY26. This growth was primarily fueled by a rise in revenue from operations, which jumped from ₹2,668.78 lakh to ₹3,634.22 lakh. Other income remained minimal at ₹2.17 lakh. The profit before tax stood at ₹40.22 lakh, an increase from ₹22.68 lakh in the previous year’s quarter.

Financial Performance

Note: The table above compares Q1FY27 with Q1FY26 as per the source data provided in the draft. The source explicitly lists Q1FY26 net profit as ₹60.33 lakh, while the summary text references ₹10.24 lakh (which corresponds to Q4FY26 in the source table). The article prioritizes the explicit Q1FY26 comparison for YoY analysis.

Expenses rose to ₹3,596.17 lakh from ₹2,603.25 lakh in the prior year quarter. Cost of material purchased and consumed accounted for the largest share at ₹3,169.11 lakh. Employee benefits expense decreased significantly to ₹74.39 lakh from ₹105.57 lakh in Q4FY26, though it was higher than the ₹32.05 lakh recorded in Q1FY26. Finance costs also declined to ₹18.77 lakh from ₹22.22 lakh in the same quarter last year.

What the Numbers Show

While top-line growth is robust, the bottom-line performance reveals margin compression. Although revenue surged by 36%, net profit actually declined by 54% year-on-year when comparing Q1FY27 (₹27.67 lakh) with Q1FY26 (₹60.33 lakh). This divergence suggests that cost inflation or lower margins on traded goods offset the volume gains. The profit before tax dropped from ₹65.54 lakh in Q1FY26 to ₹40.22 lakh in Q1FY27, indicating that operating leverage did not scale proportionally with sales. Investors should monitor whether this margin pressure persists as input costs fluctuate in the chemical trading sector.

The earnings per share (EPS) came in at ₹0.84, down from ₹1.83 in the corresponding quarter of the previous year. The company’s paid-up equity share capital remains unchanged at ₹330.25 lakh. KVA & Company issued an unmodified review report on the financial statements, confirming compliance with Ind AS 34 and SEBI LODR regulations.