Commercial Syn Bags Ltd

AGM Details

• AGM held on 29 September 2026, 5:30 PM to 6:00 PM IST via VC/OAVM.
• e-voting cut-off date: 22 September 2026.

Resolutions

• Item 1: Ordinary — adoption of standalone and consolidated financial statements and reports.
• Item 2: Ordinary — dividend declaration on equity shares; per-share amount not disclosed.
• Item 3: Ordinary — director retiring by rotation to be re-appointed.
• Item 4: Special — re-appointment of Anil Choudhary as CMD for 3 years.
• Item 5: Special — re-appointment of Ranjana Choudhary as Whole-time Director & KMP for 3 years.
• Item 6: Special — authorise issuance of warrants convertible into equity on a preferential basis to promoters.
• Item 7: Special — increase limits under Section 186 for investments/loans/guarantees/securities.
• Item 8: Ordinary — approval for material related party transactions under section 188 and LODR.

Voting Results

• Voting results not disclosed in filing; to be announced within 2 working days.

Dividend

• Dividend proposal on equity shares; per-share amount not disclosed.

Directors

• Anil Choudhary — CMD; 3-year term proposed.
• Ranjana Choudhary — Whole-time Director & KMP; 3-year term proposed.

Auditors

• Statutory auditor present; no appointment or tenure changes disclosed.

Material Related Party Transactions

• Approval for material related party transactions under section 188; details not disclosed.

Commercial Syn Bags Ltd: Trading window closed from 1 October 2026 until completion of 48 hours from the unaudited results announcement for the quarter/half year ended 30 September 2026

AGM details

• Date and time: 29 September 2026 at 5:30 PM.
• Mode: VC/OVAM; venue deemed at the registered office.

Key resolutions

• Agenda Item 6: Board authorization to issue 3,25,000 warrants on a preferential basis to promoters/promoter group.
• Warrants convertible into equity shares of Rs 10 each, premium Rs 273 per share.
• Corrigendum notes in-principle approvals for warrants with NSE/BSE.

Material related party transactions

• Warrants issuance to promoters/promoter group constitutes material RPT.

Capital action and allotment

• Allotment of 16,13,000 equity shares at Rs10 with Rs62 premium to warrant holders on conversion.
• Total consideration Rs 8,71,02,000; upfront 25% received (Rs 2,90,34,000).
• Post-conversion holdings: Pravi Investments LLP 21,97,906 shares.
• Post-conversion holdings: Shri Mohan Lal Choudhary 21,67,000 shares.
• Post-conversion holdings: Shri Anil Choudhary 20,47,825 shares.
• Post-conversion holdings: Shri Ravindra Choudhary 14,03,800 shares.
• Post-conversion holdings: Shri Pramal Choudhary 14,73,100 shares.

Conversion timing and disclosures

• Intimation received 14/09/2026 for conversion; balance funds by 17/09/2026.
• Warrants converted into 16,13,000 equity shares; Rs10 face with Rs62 premium.
• Issuance is a preferential issue under ICDR Regulations.

Commercial Syn Bags Ltd — Closure of trading window from 14 September 2026 till completion of 48 hours from the announcement to the Stock Exchanges of the outcome of Board Meeting to be held on 17th September, 2026

Meeting Details

• Date: 17 September 2026; Time: not disclosed; Location: Registered Office, Indore.

Key Agenda Items

• Consider and approve conversion of warrants issued to promoter/promoter group into equity shares, subject to balance deposit.
• Other routine business items.

Other Notes

• No other major governance actions disclosed.

AGM/AR notice and dividend update

• 42nd AGM scheduled for 29 September 2026 at 5:30 PM via VC/OAVM.
• Annual Report 2025-26 and AGM notice available online on comsyn.com, BSE and NSE.
• Soft copy of AR and AGM notice sent to shareholders with registered email on 7 Sep 2026.
• Shareholders may update email ID, PAN, KYC and bank details via ISR/SH forms; demat via DP.
• Physical dividend warrants discontinued; dividends will be paid electronically (NEFT/RTGS/ECS).
• Final dividend Rs. 0.50 per share (5%); relinquishment form available.
• KYC documents to Bigshare or DP with folio number.
• AR/AGM web links: AGM-Notice.pdf and Annual-Report-202526.pdf.

Financial snapshot

• Standalone revenue 38,398.47 Lakhs; Consolidated 38,700.41 Lakhs.
• Standalone PAT 2,695.68 Lakhs; Consolidated 2,632.21 Lakhs.
• Standalone EBITDA 4,926.97 Lakhs; Consolidated 5,062.91 Lakhs.
• Standalone EPS 6.75; Consolidated EPS 6.59.
• Geographic mix: India ₹10,571.01 Lakhs; Outside India ₹28,273.71 Lakhs.
• Dividend proposed: ₹0.50 per equity share.
• Warrants: up to 3,25,000 warrants proposed on preferential basis.
• Capex: Comsyn Int'l capacity addition 9,000 MTPA; Techtex 3,300 MTPA.

Operations and volumes

• Consolidated revenue growth: 11% YoY; standalone revenue growth: 12% YoY.
• Trading operations volume: 38,382.24 MT; strengthened domestic market
• Capex expansions commenced: 1,500 MTPA commercial production from 22-Jul-2026.
• FY25-26 volume mix supports global markets and new capacity.

Capital allocation & capital raise

• Board approved issue of up to 3,25,000 warrants at ₹283 per warrant.
• Warrants convertible into equity at ₹10 face value; premium ₹273.
• Aggregate warrant proceeds up to ₹919.75 Lakhs; uses aligned to growth plan.
• Post-preferential issue equity capital to be ₹4,033.92 Lakhs.

Debt, liquidity and credit

• Total borrowings: current ₹9,341.91 Lakhs; non-current ₹2,671.06 Lakhs.
• Cash and cash equivalents ₹38.14 Lakhs; bank balances ₹519.65 Lakhs.
• Debt-to-equity ratio 0.65x; liquidity managed with undrawn facilities.
• ICRA: BBB/Stable (Long Term); A3+ (Short Term).

Governance and board

• Independent director Sunil Agrawal appointed w.e.f. 19 Jun 2025.
• Independent director Hitesh Mehta ceased 19 Jun 2025; board remained six directors.
• Board met 10 times; independent directors held separate meetings.

Related parties and MRPT

• Material Related Party Transactions: MRPT with Smartlift Bulk Packaging Limited (UK).
• MRPT: up to ₹75 Crores in 2026-27; governed by ICDR Regulations and LODR.
• Proposed warrants preferential issue includes promoter/promoter group as allottees.

CSR and ESG

• CSR expenditure ₹23.71 Lakhs; obligation ₹20.45 Lakhs; unspent ₹18.55 Lakhs.
• DSIR recognition for in-house R&D (Techtex) granted; DSIR certificate received.

Outlook and risks

• Global macro risks: inflation, supply chains, geopolitics; China+1 provides opportunity for diversification.
• Domestic demand in packaging remains supported by manufacturing and exports growth.