Synergy Green Industries Issues Corrigendum to 16th AGM Annual Report for FY2025-26
Synergy Green Industries issued a corrigendum to its 16th Annual Report for FY2025-26, correcting typographical errors on the cover page, Page 6 (solar capacity corrected from 100 MW to 10 MW), and Page 7 (stock price graph). The 16th AGM is scheduled for July 23, 2026, where key agenda items include adoption of financial statements showing total income of ₹37,637.36 Lakhs and PAT of ₹465.83 Lakhs for FY2025-26, appointment of new statutory auditors, and approval to increase borrowing limits from ₹200.00 crore to ₹250.00 crore.
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Synergy Green Industries Ltd has issued a corrigendum to its 16th Annual Report for FY2025-26, which was circulated along with the notice of the Annual General Meeting (AGM) scheduled to be held on Thursday, July 23, 2026, at 11:00 A.M. (IST) through Video Conferencing. The corrigendum, filed with BSE Limited and the National Stock Exchange of India Ltd. on July 03, 2026, was signed by Company Secretary and Compliance Officer Nilesh M. Mankar. The company clarified that the corrections are editorial in nature and do not affect the financial statements, statutory disclosures, or any other financial information contained in the Annual Report.
Corrigendum: Typographical Corrections
The corrigendum identifies three specific errors in the Annual Report for FY2025-26 that require correction. Members are requested to read the Annual Report in conjunction with this corrigendum. The following table summarises the corrections:
| Location: | Error | Correction |
|---|---|---|
| Cover Page: | 'Industeries' | 'Industries' |
| Page 6 (Information Tile): | '100 MW Solar Captive Capacity' | '10 MW Solar Captive Capacity' |
| Page 7: | Historical Stock Price Graph | Graph has been corrected |
The revised Annual Report incorporating the above corrections is available on the Company's website at https://synergygreenind.com/investors-relations/ . The corrigendum is also available on the websites of BSE Limited and the National Stock Exchange of India Limited.
AGM and Financial Highlights
The 16th AGM will be held on July 23, 2026, to transact business including the adoption of standalone and consolidated audited financial statements for the financial year ended March 31, 2026. The company reported total income of ₹37,637.36 Lakhs for FY2025-26, compared to ₹36,368.30 Lakhs in the previous year, recording a marginal growth of 3.49%. Profit after Tax stood at ₹465.83 Lakhs, compared to ₹1,688.82 Lakhs in the previous year. EBITDA for the year was ₹49.3 crores (13.1%), compared to ₹53.70 crores (14.8%) in the previous year, reflecting a year-on-year decline of 8.1%.
The following table presents the key standalone financial results:
| Particulars: | FY2025-26 (₹ Lakhs) | FY2024-25 (₹ Lakhs) |
|---|---|---|
| Total Income: | 37,637.36 | 36,368.30 |
| Profit Before Depreciation, Interest & Tax: | 4,932.18 | 5,369.91 |
| Depreciation & Amortization: | 2,032.87 | 1,302.09 |
| Finance Cost: | 2,078.61 | 1,569.23 |
| Profit Before Tax: | 755.28 | 2,498.59 |
| Profit After Tax: | 465.83 | 1,688.82 |
| Basic & Diluted EPS (₹): | 3.00 | 11.14 |
Key AGM Business and Meeting Details
The AGM agenda includes re-appointment of Mr. Niraj S. Shirgaokar as director, appointment of M/s P. G. Bhagwat LLP as statutory auditors for five years replacing M/s. D A B And Associates, and declaration of dividend on 10% Redeemable Cumulative Preference Shares. Special business includes a resolution to continue the appointment of Mr. Subhash G. Kutte as Independent Director beyond the age of 75 years until January 07, 2029, and approval to increase borrowing limits from ₹200.00 crore to ₹250.00 crore under Sections 180(1)(c) and 180(1)(a) of the Companies Act, 2013. The meeting will also ratify the remuneration of ₹2,50,000 payable to Cost Auditor M/s. Dhananjay V. Joshi & Associates for FY2026-27.
| Event: | Date | Time |
|---|---|---|
| Record Date: | July 17, 2026 | - |
| Remote E-voting Start: | July 20, 2026 | 09:00 A.M. |
| Remote E-voting End: | July 22, 2026 | 05:00 P.M. |
| AGM: | July 23, 2026 | 11:00 A.M. |
The facility for remote e-voting will be provided by National Securities Depository Limited (NSDL). The AGM will be conducted entirely via video conferencing in compliance with regulatory circulars issued by the Ministry of Corporate Affairs and SEBI. Physical attendance has been dispensed with, and consequently, the facility for appointment of proxies will not be available.
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE00QT01015/40145096-1e7a-49b9-a815-5b1c359db7fe.pdf
Historical Stock Returns for Synergy Green Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.01% | +4.00% | +4.47% | +14.20% | +11.24% | +242.66% |
How does the company plan to address the 72% decline in Profit After Tax despite marginal revenue growth?
What strategic initiatives will utilize the proposed ₹50 crore increase in borrowing limits?
Will the correction of the solar captive capacity from 100 MW to 10 MW impact future renewable energy expansion targets?
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