APM Industries concluded its 52nd Annual General Meeting on September 10, 2026. The gathering, held via Video Conferencing or Other Audio-Visual Means, saw shareholders adopt the audited financial statements for the fiscal year ended March 31, 2026.

The meeting commenced at 12:30 pm and ended at 1:27 pm, including time allocated for e-voting. A total of 73 members, representing 30,93,846 equity shares, attended the session. Rajendra Kumar Rajgarhia, Chairman and Whole-time Director, chaired the proceedings from Delhi.

Key Resolutions Passed

Shareholders approved three ordinary resolutions during the meeting:

• Adoption of the Audited Financial Statements for FY26, along with the Board of Directors' and Auditors' reports.
• Re-appointment of Sanjay Rajgarhia as a Director, replacing himself upon retirement by rotation.
• Ratification of the Cost Auditors' remuneration for the financial year 2026-27.

Governance and Attendance

The statutory registers and relevant documents referenced in the AGM notice were available for electronic inspection during the meeting. The Annual Report for FY26, including the Board's report, Auditor's report, and financial statements, was circulated to members via email and taken as read.

Since the Statutory Auditor's Report and Secretarial Auditor's Report for FY26 contained no qualifications, observations, or remarks, they were not read out at the meeting.

Directors Present

Hari Ram Sharma, Managing Director, briefed members on the company's operational performance and key initiatives for FY26. He also responded to queries from pre-registered speakers.

E-Voting Process

The company provided remote e-voting facilities from September 7 to September 9, 2026. Members participating in the AGM who had not voted remotely were given the opportunity to cast their votes electronically during the meeting. Ravi Sharma and Suman Pandey, Partners at M/s. RSM & Company, served as scrutinizers to supervise the e-voting process.

The consolidated results of remote e-voting and voting at the AGM will be declared within prescribed timelines. The results, along with the Scrutinizer's Report, will be uploaded to the company website, NSDL platform, and communicated to BSE Limited.

APM Industries reported a net loss of ₹266 lakhs for the financial year ended March 31, 2026, compared to a loss of ₹61 lakhs in the previous year, as exceptional items and higher tax expense weighed on results despite an improvement in operating profitability. Revenue from operations declined approximately 8% to ₹27,031 lakhs from ₹29,400 lakhs in FY25. The company, engaged in manufacturing and selling man-made fiber yarn, has scheduled its 52nd Annual General Meeting for September 10, 2026 at 12:30 PM (IST) through video conferencing.

Financial performance: FY26 vs FY25

The company's financial results for the year ended March 31, 2026 reflect a challenging operating environment marked by subdued demand, geopolitical uncertainties and weak export markets. While operating profitability improved year-on-year, exceptional items and deferred tax adjustments resulted in a higher net loss.

Exceptional items of ₹210 lakhs comprised a loss on sale of property, plant and equipment of ₹195 lakhs, employee benefits expense of ₹58 lakhs arising from proposed new labour laws, partially offset by compensation income of ₹43 lakhs received from a real estate developer.

Operations and production

The company operates in a single segment — manufacturing and selling of man-made fiber yarn in India. Key operational highlights for FY26 include:

• Yarn production was 174 lakh kilograms, down from 194 lakh kilograms in FY25, a decrease of approximately 11%, attributed to subdued market demand and manpower shortage.
• Revenue from operations decreased to ₹27,031 lakhs from ₹29,400 lakhs, a decline of approximately 8%.
• Profit before exceptional items and tax stood at ₹148 lakhs, compared to a loss of ₹364 lakhs in FY25, reflecting improved operating performance.
• Production capacities reduced from 55,296 to 49,536 spindles as at March 31, 2026, following the sale of some obsolete machinery.
• The company did not undertake any export activities during FY26, maintaining focus on the domestic market.

The industry continued to face subdued demand due to geopolitical uncertainties, economic slowdown and weak demand in key markets including Europe, Turkey, the United States and the United Kingdom, resulting in increased domestic supply and pressure on pricing and margins.

Energy and sustainability

APM Industries' 2.72 MW ground-mounted/rooftop solar power plant generated 30.37 lakh KWH of electricity during FY26, representing approximately 8.02% of the company's total power consumption. Capital expenditure of ₹5.88 lakhs was incurred on energy conservation equipment during the year. The company also received the Rajasthan Energy Conservation Award (RECA-2023) — First Prize from the Department of Energy, Government of Rajasthan, for achieving the lowest specific energy consumption in the Industry — Textile (Spinning) Sector for the year 2022-23.

Corporate social responsibility

The company's average net profit as per Section 135(5) of the Companies Act, 2013 stood at ₹1,065.30 lakhs, resulting in a CSR obligation of ₹21.10 lakhs for FY26. Total CSR expenditure for the year was ₹21.34 lakhs, resulting in an excess spend of ₹0.03 lakhs available for set-off in succeeding financial years.

52nd AGM and shareholder matters

The 52nd Annual General Meeting will be held on Thursday, September 10, 2026 at 12:30 PM (IST) through video conferencing/other audio-visual means. The cut-off date for e-voting eligibility is Thursday, September 3, 2026. Remote e-voting will be open from September 7, 2026 (9:00 AM IST) to September 9, 2026 (5:00 PM IST).

Key agenda items at the AGM include:

• Adoption of audited financial statements for FY26.
• Re-appointment of Shri Sanjay Rajgarhia (DIN: 00154167) as director, who retires by rotation.
• Ratification of remuneration of ₹60,000 (plus applicable taxes and reimbursement of out-of-pocket expenses) payable to Shri Naresh Kumar Goel, Cost Accountant (Membership No.: 9876), as Cost Auditor for FY27.

No dividend has been recommended by the Board for FY26 in view of the losses incurred during the year.

Capital structure and shareholding

The paid-up share capital of the company as at March 31, 2026 stood at ₹4,32,22,720, comprising 2,16,11,360 equity shares of ₹2 each, fully paid-up. There was no change in share capital during FY26. Promoter and promoter group held 65.42% of total shares as at March 31, 2026. The company had 9,013 shareholders as on March 31, 2026, with 97.28% of total paid-up share capital held in dematerialised form.

During FY26, unclaimed dividend of ₹10,60,774 and 58,227 equity shares pertaining to FY 2017-18 were transferred to the Investor Education and Protection Fund.