AMS Polymers Ltd

Dematerialisation processing

• Dematerialisation requests received were confirmed to depositories within 15 days of receipt from participants.
• Certificates for dematerialisation were mutilated and cancelled after verification; the depository was substituted as owner within 15 days.
• Register of Members updated; depositories and stock exchanges informed within 15 days.
• Updates were sent to the depository and to every Stock Exchange where the securities are listed.

AGM Details

• Date: 30 September 2026; Time: concluded 10:30 AM; mode not explicitly stated; e-voting followed by ballot.
• Quorum present; meeting proceeded as scheduled.
• Voting occurred by ballot after electronic voting.

Key Resolutions

• Adopt audited financial statements and reports for year ended 31 March 2026.
• Re-appoint Amber Goel as director liable to retire by rotation.
• Appointment of Statutory Auditor.
• Approval of Related Party Transactions.
• Special: Board to borrow up to Rs 20 crore under Section 180(1)(c).
• Special: Approval of transactions under Section 185 of Companies Act 2013.
• Special: Approval for loans, investments, guarantees, or securities under Section 186.

Voting and Results

• Results of resolutions not disclosed in the filing.
• Ballot-based voting conducted; e-voting period closed prior to polling.

Governance and Appointments

• Director changes: Amber Goel re-appointed as director liable to retire by rotation.
• Auditor changes: Statutory Auditor appointment as per agenda.

AGM notice and unregistered email communication

• 41st AGM scheduled for 30 September 2026 at 9:30 AM IST via e-voting.
• Letter to shareholders with unregistered emails provides AGM notice access via website and QR code.
• E-voting cut-off: 23 Sept 2026; start 27 Sept 2026; end 29 Sept 2026.
• Annual Report accessible on amspolymers.com and BSE; physical copies on request.
• Update email, bank, and nomination details through MAS Services Limited or DP.

AGM Details

• AGM on 30 September 2026 at 09:30 IST, in-person at registered office.
• Members’ register/transfer books closed 24–30 September 2026 for the AGM.

Resolutions Proposed

• Ordinary: Adopt audited financial statements and reports.
• Ordinary: Re-appoint Amber Goel as Director liable to retire by rotation.
• Ordinary: Appoint M/s KVA & Company as Statutory Auditors for five years.
• Ordinary: Approve Related Party Transactions with related parties and caps.
• Special: Borrowing power up to Rs 20 crore under Section 180(1)(c).
• Special: Approve Section 185 transactions up to Rs 15 crore.
• Special: Approve Section 186 investments/loans up to Rs 20 crore.

Auditor Appointment

• Statutory Auditor: KVA & Company appointed for five years, subject to members' approval.
• Casual vacancy due to resignation of prior statutory auditor.
• Remuneration to be fixed by the Board.

Related Party Transactions

• Annu Industries cap up to Rs 150 crore.
• Shreshtha Securities cap up to Rs 10 crore.
• AMS Specialities cap up to Rs 50 crore.
• Anand Kumar unsecured loan cap up to Rs 1.5 crore.
• Amber Goel unsecured loan cap up to Rs 1.5 crore.
• Arpit Goel unsecured loan cap up to Rs 1.5 crore.

Debt & Investment Approvals

• Borrowing limit up to Rs 20 crore under Section 180(1)(c).
• Section 185 loans/guarantees up to Rs 15 crore.
• Section 186 investments/loans/guarantees up to Rs 20 crore.

E-voting & Logistics

• E-voting window: 27–29 September 2026; cutoff 23 September 2026.
• NSDL e-voting; Scrutinizer appointed; physical voting allowed at AGM.

Financial highlights

• Revenue from operations: ₹1,095.97 crore; total income: ₹1,096.33 crore.
• PAT: ₹7.88 million (₹0.79 crore) for FY2025-26.
• Basic EPS: ₹2.39; book value per share: ₹18.27.
• Revenue growth 8.55% and net profit growth 2.60% YoY.
• Dividend not declared due to insufficient profits.
• Net worth approx ₹6.03 crore; total borrowings ₹13.13 crore.
• Debt mix: secured ₹4.33 crore; unsecured ₹8.79 crore.
• Auditors changed to M/s KVA & Company for 2026-31.

Operations & product mix

• Single reportable segment: trading and manufacturing of specialty chemicals.
• Full-year revenue ₹109.60 crore; quarterly net sales about ₹26.7–28.5 crore.
• Net margin about 0.72%; profitability remains modest.
• Product diversification across PU resins, adhesives, coatings, primers, binders, sealants.
• Prices and raw-material volatility continue to pressure margins.

Capital structure & liquidity

• Total borrowings ₹13.13 crore; secured ₹4.33 crore; unsecured ₹8.79 crore.
• Current ratio 1.12x; debt-equity 2.40x.
• Paid-up equity ₹3.3025 crore; shares issued: 3,302,500.
• Closing cash ₹0.19 million; net cash from operations ₹5.33 million.
• Net cash used in investing ₹1.92 million; overall net cash flow ₹−2.07 million.

Governance & audit

• Roshan Agarwal & Associates resigned; M/s KVA & Company appointed as statutory auditors.
• Auditors’ term proposed from AGM 2026 to 2031; subject to Members’ approval.
• Secretarial auditor: M/s Kundan Agrawal & Associates; no qualifications.
• Board size 5; 2 executive, 2 independent women, 1 non-executive.
• Nine board meetings; one independent directors’ meeting on 20-03-2026.

Related party transactions

• Annu Industries—purchases ₹90.71 crore; sales ₹12.25 crore; board approvals in 2025.
• Shreshtha Securities—unsecured loan; outstanding ₹15.55 lakh; infusion ₹63.05 lakh.
• MD/Director loans up to ₹1.5 crore each (Anand Kumar, Arpit Goel, Amber Goel).
• Aggregate limits for loans/investments up to ₹15–₹20 crore under Sections 185/186.

Outlook & risks

• Revenue growth expected; margins require improvement due to cost pressures.
• Opportunities in polyurethane, construction chemicals, expanded exports.
• Risks include raw-material volatility, competition, and regulatory shifts.
• Strategy emphasizes higher-margin products, cost control, and working-capital discipline.

Meeting Details

• Board meeting scheduled on 3 September 2026 at the registered office, Delhi; time not disclosed.

Key Agenda Items

• Approve AGM notice for FY 2025-26.
• Approve Director's Report, MDA, and Corporate Governance Report for FY 2025-26.
• Fix AGM date, time, and venue.
• Set book closure and e-voting dates.
• Empower Board to borrow up to Rs 20 crore under Section 180(1)(c).
• Appoint M/s Kundan Agrawal & Associates as Scrutinizer.
• Consider loan/guarantee/security under Section 185.
• Consider loan/guarantee/security under Section 186.

Key approvals

• Standalone unaudited financial results for quarter ended 30 June 2026 approved.
• Limited Review Report for standalone unaudited results for quarter ended 30 June 2026 approved.

Meeting Details

• Date: 11 August 2026; venue: Registered Office, C-582, Saraswati Vihar, Pitampura, Delhi-110034.

Key Agenda Items

• Consider and approve unaudited financial results for the quarter ended June 30, 2026.

Other Notes

• Trading window closed for Directors/Officers/Designated Employees from July 1, 2026 until 48 hours after conclusion of the meeting.