Padmanabh Alloys & Polymers has scheduled its 31st Annual General Meeting for Wednesday, September 30, 2026. The meeting will be held at 11:30 am at the company’s registered office in Surat.

The register of members and share transfer books will remain closed from Thursday, September 24, 2026, to Wednesday, September 30, 2026. This closure ensures the determination of shareholders eligible to vote.

Key Dates and Details

Shareholders holding shares as of the record date, Wednesday, September 23, 2026, are entitled to cast their votes. The e-voting window runs from 9:00 am on Sunday, September 27, 2026, until 5:00 pm on Tuesday, September 29, 2026.

Financial Performance FY26

Padmanabh Alloys & Polymers reported a revenue from operations of ₹4,555.59 lakh for the fiscal year ended March 31, 2026, an increase from ₹3,903.62 lakh in FY25. However, net profit after tax declined to ₹14.60 lakh, down from ₹23.88 lakh in the previous year.

Profit before tax rose to ₹20.42 lakh from ₹12.43 lakh in FY25. Finance costs decreased slightly to ₹40.57 lakh from ₹43.45 lakh. Depreciation and amortization expenses increased to ₹21.47 lakh from ₹19.27 lakh.

Key Financial Metrics

Total assets stood at ₹2,263.96 lakh as of March 31, 2026, compared to ₹2,175.43 lakh in the prior year. Current assets increased to ₹2,009.46 lakh from ₹1,930.23 lakh. Trade receivables decreased to ₹1,378.41 lakh from ₹1,428.56 lakh.

Corporate Governance and Compliance

The Board recommends the re-appointment of Chetankumar Mohanbhai Desai as a Director, who retires by rotation. Shareholders are also asked to ratify the remuneration of ₹25,000 payable to M/s. Bhanwarlal Gurjar & Co., Cost Accountants, for verification of cost records for FY27.

The company disclosed a contingent liability of ₹118.51 lakh regarding a GST show cause notice issued by the office of DGGSTI. The auditors noted that the entire shareholding of promoters is not in dematerialized form as required under SEBI regulations.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE630U01014/c0d3c094-8dea-4271-9f0c-588fb86b428c.pdf

Padmanabh Alloys & Polymers Ltd has re-appointed M/s. Bhanwarlal Gurjar & Co. as its cost auditor and M/s. Mody & Associates as its internal auditor for the financial year 2026-27.

The board of directors approved these appointments, along with the Board's Report for the year ended March 31, 2026, during its meeting held on September 3, 2026. The board also approved the notice for the Annual General Meeting (AGM) scheduled for September 30, 2026.

Auditor Appointments

The company confirmed continuity in its audit processes for FY27. Shri Bhanwarlal Gurjar, proprietor of M/s. Bhanwarlal Gurjar & Co., continues as the cost auditor. He has been practicing since 2012 with extensive experience in accounts, costing, and taxation.

Shri Ramesh Kumar Mody, proprietor of M/s. Mody & Associates, Chartered Accountants, was re-appointed as the internal auditor. He brings vast experience in accounting, auditing, and finance to the role.

Director Re-appointment

The board approved the re-appointment of Shri Chetankumar Mohanbhai Desai (DIN: 00051541) as a Whole-time Director, subject to shareholder approval at the AGM. He retires by rotation and is eligible for re-appointment.

Shri Desai belongs to the Promoter Category and is the uncle of Shri Hemal Rajeshbhai Desai, another Whole-time Director. He possesses approximately 30 years of experience in accounting and administration. His appointment is effective from September 30, 2026, pending member approval.

AGM Details

The board finalized the schedule for the book closure period, cut-off date, and e-voting period for the upcoming AGM. Shri Kunjal Dalal, proprietor of M/s. K. Dalal & Co., Practicing Company Secretaries, was appointed as the scrutinizer for the voting process.