Paras Petrofils has confirmed that its 35th Annual General Meeting (AGM) will be held on Tuesday, September 29, 2026, at 11:30 am via Video Conference or Other Audio-Visual Means (VC/OAVM). The company dispatched the notice of the AGM along with the annual report for the financial year 2025-26.

The board previously approved the annual report and notice for the meeting. M. D. Baid & Associates was appointed as the scrutinizer for the e-voting process. Shareholders can participate in the meeting on a first-come, first-served basis, limited to 1,000 members excluding large shareholders, promoters, and institutional investors.

Financial Performance

Paras Petrofils posted a net loss of ₹35.37 lakh for FY26, a reversal from the ₹7.82 lakh profit recorded in FY25. The company confirmed it did not carry out any business operations during the financial year ended March 31, 2026.

The company incurred total expenses of ₹185.19 lakh, up from ₹130.82 lakh in FY25. This increase was primarily driven by a loss on the sale of machinery amounting to ₹159.11 lakh, compared to ₹100.80 lakh in the previous year.

With zero revenue from operations, total income stood at ₹149.82 lakh, derived entirely from other income sources. Interest on loans contributed ₹142.96 lakh, while interest on fixed deposits added ₹6.18 lakh. Other income rose slightly from ₹140.08 lakh in FY25.

Balance Sheet and Assets

As of March 31, 2026, total assets decreased to ₹2,004.68 lakh from ₹2,040.66 lakh in the prior year. Non-current assets fell to ₹285.61 lakh, largely due to a drop in property, plant, and equipment to ₹181.03 lakh from ₹348.14 lakh. Investments increased to ₹103.83 lakh from ₹55.45 lakh. Current assets remained robust at ₹1,719.06 lakh, driven by loans and advances totaling ₹1,662.28 lakh.

The company maintained a strong liquidity position with a current ratio of 278.67 times, up from 241.26 times. Cash and cash equivalents increased to ₹3.08 lakh from ₹0.01 lakh. The firm has no borrowings and reported no trade payables for goods, only ₹4.73 lakh in creditors for expenses.

AGM Details and Corporate Governance

Key agenda items include:

• Adoption of Audited Standalone Financial Statements for FY26.
• Re-appointment of Mr. Sanjay Jayant Bhatt (DIN: 09075125), who retires by rotation. He has attended seven board meetings during the year.

Remote e-voting will be open from September 26, 2026, at 9:00 am to September 28, 2026, at 5:00 pm. The cut-off date for voting eligibility is September 18, 2026.

What the Numbers Show

The shift to a net loss despite stable other income highlights the impact of asset disposals. The loss on sale of machinery (₹159.11 lakh) accounted for approximately 86% of total expenses, indicating that the decline in profitability was non-operational and driven by the realization of remaining capital assets rather than ongoing business costs.

Paras Petrofils appointed Ankit Consultancy Private Limited as its new Registrar and Share Transfer Agent (RTA). The Board of Directors approved the change during a meeting held on August 27, 2026.

The appointment replaces Bigshare Services Private Limited, which will continue to serve as the RTA until database and electronic connectivity are fully migrated to the new agency. The effective date for Ankit Consultancy’s services will be determined by the agreement executed between the two entities.

Regulatory Compliance

The company disclosed the outcome under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board meeting commenced at 3:00 pm and concluded at 5:20 pm on August 27, 2026.

Ankit Consultancy, holding SEBI Registration No. INR000000767, confirmed its consent to undertake RTA services. This includes handling electronic connectivity, physical share transfers, dematerialisation requests, and shareholder record maintenance in accordance with regulatory guidelines.

Operational Transition

Bigshare Services will manage shareholder records during the transition period. Ankit Consultancy stated that all necessary formalities for appointment and connectivity will be completed as per applicable procedures.