Commercial Syn Bags Limited has announced a dividend recommendation and set the date for its 41st Annual General Meeting (AGM). The company's Board of Directors has made several key decisions that will impact shareholders.

Dividend Recommendation

The Board of Directors has recommended a dividend of Rs 0.40 per equity share for the financial year 2024-25. This represents a 4% dividend on the face value of Rs 10 per share. The dividend will be paid on a total of 3,99,52,200 equity shares, subject to approval at the upcoming AGM.

Key Dates

• The record date will determine the eligibility of shareholders to receive the dividend.
• The 41st AGM will be conducted through video conferencing at 1:00 P.M.

Dividend Relinquishment Option

Shareholders who wish to relinquish their dividend rights can do so by submitting the appropriate form. The form is available on the company's website ( www.comsyn.com ) and should be sent to the Company Secretary via email at cs@comsyn.com or investors@comsyn.com , or to investor@bigshareonline.com . Alternatively, it can be sent by registered post or hand-delivered.

Additional Board Decisions

The Board meeting, held on September 4, 2025, also resulted in several other important decisions:

1. Approval of the Notice for the 41st AGM.
2. Re-appointment of Shri Virendra Singh Pamecha (DIN: 07456367) as Whole-time Director & KMP for a further period of 3 years, effective March 26, 2026, subject to shareholder approval.
3. Re-appointment of Shri Vijay Kumar Bansal (DIN: 09002441) as Independent Director for a second term of 5 consecutive years, effective February 14, 2026, subject to shareholder approval.
4. Appointment of M/s Ishan Jain & Co., Company Secretaries, as the Secretarial Auditors for a period of five years, subject to shareholder approval.
5. Approval of the Board Report for the Financial Year 2024-25.
6. Approval of the Annual Book Closure for the 41st AGM.
7. Setting of the cut-off date for eligibility to participate in remote E-Voting and E-voting at the AGM.
8. Appointment of a Scrutinizer for the E-voting process.

The Board meeting commenced at 10:30 A.M. and concluded at 11:45 A.M. on September 4, 2025.

Shareholders are advised to take note of these important dates and decisions, particularly the record date for dividend eligibility and the upcoming AGM. The company's management encourages shareholder participation in the virtual AGM and the voting process to ensure corporate governance and shareholder engagement.

Commercial Syn Bags Limited (COMSYN) has reported a remarkable 405% year-on-year increase in standalone net profit for the quarter ended June 30. The company's financial performance showcases significant growth across key metrics, along with strategic moves to strengthen its global presence.

Financial Highlights

COMSYN's standalone net profit for Q1 stood at ₹505.99 lakhs, a substantial rise from ₹100.18 lakhs in the same quarter last year. The company's revenue from operations also saw a healthy increase, climbing to ₹8,938.03 lakhs from ₹7,511.90 lakhs year-over-year, marking a growth of 19.00%.

On a consolidated basis, the company's performance was equally impressive:

• Net profit rose to ₹555.40 lakhs from ₹193.49 lakhs, representing a 187.00% increase
• Consolidated revenue grew to ₹9,051.32 lakhs from ₹7,688.94 lakhs, up by 17.70%

Segment-wise Performance

COMSYN operates in three main segments:

1. Manufacturing of FIBC, bulk bags, woven sacks, technical textiles, and other related products
2. Trading of granules
3. Solar power generation for captive consumption

The manufacturing segment, which is the company's primary focus, reported revenue of ₹8,889.08 lakhs for the quarter, compared to ₹7,442.25 lakhs in the same period last year.

Strategic Acquisitions and Expansions

During the quarter, COMSYN made significant moves to strengthen its market position:

1. Increased Stake in UK Subsidiary: The company acquired an additional 1% stake in Smartlift Bulk Packaging Limited, UK for GBP 43,500. This strategic move brings COMSYN's total holding in the UK subsidiary to 50%, potentially allowing for greater control and synergies in international operations.

2. Acquisition through Subsidiary: COMSYN's wholly-owned subsidiary, Comsyn India Private Limited, acquired 100% equity shares of Erawat Vegcap Private Limited for ₹551 lakhs. This acquisition is expected to expand the company's product portfolio and market reach.

Other Developments

• The company has a solar power project of 1.0 MW for captive consumption, contributing to its sustainability efforts and potentially reducing energy costs.
• COMSYN received approval for issuing convertible warrants on a preferential basis, with 20,00,000 warrants at ₹72 each allotted to promoters and the promoter group. The company has received 25% upfront money (₹360 lakhs) and utilized it as per the stated objectives.

Management Commentary

Anil Choudhary, Chairman and Managing Director of Commercial Syn Bags Limited, stated, "We are pleased with our strong start to the fiscal year. The significant growth in our profitability and revenue demonstrates the resilience of our business model and the increasing demand for our products. Our strategic acquisitions and expansions are aimed at strengthening our market position and creating long-term value for our shareholders."

Commercial Syn Bags Limited continues to focus on its core manufacturing segment while exploring opportunities for growth and diversification. The company's robust financial performance and strategic initiatives position it well for sustained growth in the coming quarters.