Panyam Cements & Mineral Industries Ltd

AGM Details

• Date/time: 30 September 2026, 11:30 IST, via VC/OAVM.
• Venue deemed at registered office for VC/OAVM proceedings.
• Quorum present; meeting commenced 11:30 IST and concluded 12:26 IST.
• Remote e-voting open 27 Sep 2026 09:00 IST and closed 29 Sep 2026 17:00 IST.
• Shareholder cut-off: 23 September 2026.

Resolutions

• Ordinary business: Adoption of financial statements for FY2025-26.
• Ordinary business: Re-appointment of Narayanasamy Elamaran (DIN 01744259) liable to retire.
• Ordinary business: Ratification of remuneration payable to the cost auditors.

Voting & Outcomes

• Adoption of financial statements: outcome not disclosed.
• Re-appointment: outcome not disclosed.
• Cost auditor remuneration: outcome not disclosed.

Directors & Auditors

• Director: Narayanasamy Elamaran re-appointed as director liable to retire.
• Auditors: Statutory auditor attended AGM; cost auditor remuneration to be ratified.

CFO appointment

• The Board appointed Mr. Sunki Reddy Pitchi Reddy as Chief Financial Officer, effective 29 September 2026.
• Reason: Appointment.
• Profile: ICWAI member; MBA (Finance); 30+ years in accounting, compliance, and taxation.
• Term: Full-time employment.

Financial results

• Revenue from operations: 3,534.42 lakhs; total revenue: 3,869.08 lakhs for quarter ended 30 Jun 2026.
• Total expenses: 6,170.61 lakhs; loss before tax not disclosed here.
• Profit/loss for the period: (3,623.59) lakhs for quarter ended 30 Jun 2026.
• EPS (basic and diluted): (28.69) Rs per share.

Other disclosures

• Limited Review conducted by K S Rao & Co on quarter ended 30 June 2026.
• Appointment of Mr. Sunki Reddy Pitchi Reddy as CFO effective 29 Sep 2026.

Meeting Details

• Board meeting scheduled for 29 September 2026; time and venue not disclosed.

Key Agenda Items

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

Other Notes

• Trading window closed from 01 July 2026 until 48 hours after the Q1 2026 results declaration.

Financial performance

• Revenue from operations ₹8,487.58 lakh; total income ₹13,677.31 lakh for 2025-26.
• Net loss after tax ₹3,823.59 lakh; total comprehensive loss ₹3,813.38 lakh.
• Earnings per share ₹-47.67; 8,021,401 shares outstanding.
• Loss narrowed vs prior year from ₹8,918.91 lakh to ₹3,823.59 lakh.
• Net worth negative ₹23,946.61 lakh; debt ₹38,253.74 lakh; gearing -1.60x.

Capital structure & liquidity

• Authorized capital ₹21.50 crore; paid-up ₹8.02 crore; 8,021,401 equity shares.
• Long-term borrowings ₹33,015.81 lakh; ICDs ₹25,233.66; Canara Bank loan ₹7,782.15.
• Current borrowings ₹5,172.78 lakh; current maturities of long-term debt ₹1,337.18.
• Net debt ₹38,244.48 lakh; equity negative; gearing −1.60x.
• Cash & cash equivalents ₹9.26 lakh; no equity fundraising in 2025-26.

Operational highlights

• Cement plant capacity: clinker 0.66 MTPA; cement 0.85 MTPA; Cement Nagar, Nandyal, AP.
• Production: clinker 208,510 tonnes; cement 222,720 tonnes; clinker sold 21,470; cement sold 219,508.
• OPC 43/53 and PPC cement included in product mix; single cement segment.

Governance & leadership

• MD: Srinisha Jagathrakshakan; appointed 20 December 2022.
• CFO: PVN L Anil Kumar; appointed 30 October 2025; CFO resigned 25 August 2026.
• Company Secretary: Chiluka Seshi Kumar; appointed 30 October 2025; resigned 18 July 2026.
• Ganesh Pathrudu resigned 15 April 2025.

Audit & risk

• Statutory auditors: K.S. Rao & Co; unmodified; going concern noted due to losses.
• Secretarial audit: BSS & Associates; multiple LODR non-compliances; penalties paid.
• Internal controls considered adequate; no material misstatements identified.

Regulatory & compliance

• SEBI LODR non-compliances in 2025-26; penalties paid to BSE.
• Shareholding pattern largely dematerialised; 99.75% as at 31 March 2026.
• Remedial steps ongoing to enhance regulatory compliance.

Risk & outlook

• Industry outlook positive for cement demand; growth drivers include infrastructure.
• Risks: high power/coal costs, freight, ESG obligations.
• Cost-reduction focus: alternative fuels, waste-heat recovery, solar energy.
• Promoter infusion pledged to support going concern.

Related parties & transactions

• Inter-corporate deposits from related parties include Chrome Leather, JR Super Speciality Hospitals, Sagar Power.
• Resolution-plan inflows of ₹10,050 lakh from RV Consulting & Sagar Power.
• KMP remuneration: CFO ₹14.14; CS ₹6.98; directors’ sitting fees ₹17.75.

AGM Details

• AGM on 30 Sep 2026 at 11:30 a.m. IST via VC/OAVM.
• Mode: Video Conferencing/Other Audio Visual Means.
• Venue deemed to be the registered office.
• Record date for voting: 23 Sep 2026.
• Book closure: 24 Sep 2026 to 30 Sep 2026 (inclusive).

Resolutions

• Ordinary: Adopt Audited Financial Statements for the year.
• Ordinary: Re-appoint Narayanasamy Elamaran as Director, liable to retire by rotation.
• Special: Ratify remuneration payable to Cost Auditors for FY 2026-27.

Voting status

• Voting results are not disclosed in this filing.

Dividend

• No dividend declared or proposed for equity shares.

Directors & KMP changes

• CFO appointed 30-10-2025.
• Company Secretary appointed 30-10-2025.
• Ganesh Pathrudu resigned 15-04-2025.
• Chiluka Seshi Kumar resigned 18-07-2026.
• Anil Kumar (PVN L) appointed CFO 30-10-2025; resigned 25-08-2026.

Auditors

• Statutory auditors KS Rao & Co to hold office till 71st AGM (FY 2026-27).
• Secretarial auditors B S S & Associates.
• Cost auditors Ganti+ Associates; remuneration to be ratified.
• Cost Auditor remuneration proposed: Rs 3.00 lakh plus taxes.

Related party transactions

• Material related party transactions include inter-corporate deposits and turnkey services with related parties.
• All related party contracts were in ordinary course and at arm's length.
• Details disclosed in Annexure II.

Other material approvals

• e-AGM conducted via VC/OAVM; remote e-voting window: 27-29 Sep 2026.
• No ESOP scheme; governance disclosures filed.

Audit delay in results submission

• Company delays unaudited Q1 FY2027 results to by 14 August 2026 due to ongoing audit.