Premier Synthetics Ltd

AGM details

• AGM held 28 September 2026 at 11:00 IST; physical meeting at registered office with remote voting.

Resolutions

• Resolution 1: adopt audited financial statements for FY 2025-26; ordinary resolution passed.
• Resolution 2: declare dividend on non-convertible, non-cumulative preference shares; ordinary resolution passed.
• Resolution 3: re-appoint Sunny Sunil Singhi; ordinary resolution passed.
• Resolution 4: appoint A H Mandaliya & Associates as statutory auditor; ordinary resolution passed.
• Resolution 5: approve related party transactions for FY 2026-27; special resolution passed.

Voting results

• All resolutions passed by the required majority; RPT had invalid votes from related parties.

Dividend

• Dividend on non-convertible, non-cumulative preference shares declared for FY 2025-26.

Directors

• Director re-appointment approved (Sunny Sunil Singhi).

Auditors

• Statutory auditor appointment: A H Mandaliya & Associates.

Material related party transactions

• Approval of related party transactions for FY 2026-27 with related entities.

AGM Details

• AGM held on 28 September 2026 at 11:00 am; mode not stated.

Ordinary Business Resolutions

• Adopted audited financial statements for year ended 31 March 2026.
• Declared dividend on non-convertible, non-cumulative redeemable preference shares for FY2026.
• Appointed director in place of Sunny Sunil Singhi, retiring by rotation, for re-appointment.
• Appointed M/s A H Mandaliya & Associates as Statutory Auditor.

Special Business Resolutions

• Approved related party transactions with various entities for FY2026-27.

Dividend

• Dividend declared on PNCR preferred shares; per-share amount not disclosed.

Directors / Management Changes

• Director re-appointment approved; Sunny Sunil Singhi to continue as director.

Auditor Appointments

• Statutory Auditor appointment approved: M/s A H Mandaliya & Associates.

Material Related Party Transactions

• RPTs approved for FY2026-27; counterparty details and values not disclosed.

Premier Synthetics Ltd: Trading Window closed from 1 October 2026 till 48 hours after the declaration of unaudited financial results for the quarter ending September 30, 2026.

Financial performance

• Revenue from continuing operations: 1,209.61 Lakh in FY26, down from 1,710.33 Lakh.
• Net profit after tax: negative 41.62 Lakh in FY26; prior year 149.06 Lakh.
• Profit before tax (continuing): -178.06 Lakh; prior year 81.29 Lakh.
• Profit before tax (discontinuing): 212.54 Lakh; prior year 54.82 Lakh.
• Company discontinued cotton yarn manufacturing; now trading cotton and cotton yarn.
• Preference dividend proposed at 0.01%; no equity dividend recommended.
• Capital structure unchanged; authorized Rs 30 crore; issued Rs 14.0932 crore.

AGM & dividends

• 56th AGM scheduled 28 September 2026 at 11:00 AM in Ahmedabad.
• Notice dispatched electronically; paper copies not issued.
• Notice available on company website and BSE; MIIPL e-voting enabled.
• Remote e-voting window: 25–27 September 2026; results at AGM.

Governance & board changes

• Savita Gupta appointed Independent Director from 13 August 2025 for five years.
• Anusha Maheshwary retired as Independent Director on 7 July 2025.
• Vinod Rana appointed Company Secretary from 7 June 2025.
• Audit Committee met five times; Nomination & Remuneration met two times; SR/Investor Grievance four times.
• Secretarial audit MR-3; Annexures A & B; no adverse remarks.

Related party transactions

• Special resolution for Related Party Transactions (FY26-27) with Premier Spintex up to INR 10 Cr.
• Also with Sun Insulators up to INR 5 Cr for FY26-27.
• Also with Vijay Stationeries up to INR 2.5 Cr for FY26-27.
• RPT approvals required under sections 185/188; board recommends approval.
• MD Gautam Surana has an indirect interest in Item 5.

Auditors & internal controls

• Statutory auditors Purushottam Khandelwal & Co., appointed 51st–56th AGM.
• Board to appoint A H Mandaliya & Associates as auditors for five years, subject to approval.
• Internal auditors Sanket S. Shah & Associates; reports reviewed by Audit Committee.
• Secretarial MR-3; Annexures A & B; no qualifications.

Risks & outlook

• Main risk: rising costs outpacing selling prices; margin compression potential.
• Inflation and wage hikes elevate labor costs; pass-through limited due to order book.
• Export demand softness; domestic raw material volatility; cotton tariff relief may aid competitiveness.
• Negative growth in some export segments; overall textile exports declined.

Operations & strategy

• Spinning plant discontinued; company focuses on trading in cotton and cotton yarn.
• Investments in technology upgrades; waste material re-processing plant.
• No R&D expenditure in FY25-26; energy efficiency initiatives underway.

AGM details

• AGM scheduled in late September 2026 at the company’s registered office, in physical mode.
• Record/Book closure window surrounding AGM period (dates not disclosed here).

Ordinary Business

• Adopt Audited Financial Statements for the year ended March 31, 2026.
• Declare dividend on Non-convertible Preference Shares for the financial year ended.
• Re-appoint director by rotation (eligible for re-appointment).
• Appoint Statutory Auditor for a five-year term.

Special Business

• Approve Related Party Transactions for FY2026-27 with various related parties within defined caps.

Voting results

• Voting outcomes for resolutions are not disclosed in the provided chunk.

Dividend

• Dividend on the preference shares proposed; per-share rate not specified here.

Director changes

• Director to be re-appointed by rotation; Independent Director retirement/appointment changes noted in governance materials.

Auditors

• Proposal to appoint a new Statutory Auditor for a five-year term, replacing the existing auditor.

Related party transactions

• Approval of related party transactions for FY2026-27 with multiple related parties, including material categories such as purchase/sale of materials and licensing.

Other material approvals

• Related Party Transactions policy and governance disclosures noted; policy hosted on the company website.

Board approvals

• Board approved the Board Report for FY 2025-26 along with relevant annexures.

Meeting Details

• Date: 27 August 2026; Time: not disclosed; Location: Registered Office.

Key Agenda Items

• Approve Board Report for FY 2025-26 with annexures.
• Any other business with Chairman's permission.

Other Notes

• No other material notes disclosed in the filing.