Key Event Details

65th Annual General Meeting:

  • Date: Monday, September 28, 2026
  • Time: 11:00 A.M.
  • Venue: Registered Office at 1715, Saiprasad Industrial Park-II, Besides Ramol Police Station, CTM-Ramol Road, Ramol, Ahmedabad-382449

Business to be Transacted:

1. Adoption of audited financial statements (including consolidated financial statements) for year ended March 31, 2026 with Reports of Board of Directors and Auditors

2. Re-appointment of Mr. Naman Naredi (DIN: 06943536) who retires by rotation

Financial Performance (Standalone)

FY2025-26 (Amount in ₹ Lakhs):

  • Total Income: ₹0.00 (no revenue from operations or other income)
  • Total Expenses: ₹39.31
  • Employee Expenses: ₹4.98
  • Finance Costs: ₹26.69
  • Other Expenses: ₹7.64
  • Loss before tax: ₹(39.31)
  • Tax Expenses: ₹0.00
  • Net Loss: ₹(39.31)
  • Earnings Per Share: ₹(0.98)

FY2024-25 Comparison (Amount in ₹ Lakhs):

  • Net Loss: ₹(32.65)
  • Earnings Per Share: ₹(0.82)

Subsidiary Performance

Palco Recycle Industries Limited (Wholly Owned Subsidiary) FY2025-26:

  • Revenue from Operations: ₹29,318.14 lakhs
  • Other Income: ₹186.66 lakhs
  • Total Revenue: ₹29,504.80 lakhs
  • Total Expenses: ₹28,594.71 lakhs
  • Profit before tax: ₹910.09 lakhs
  • Tax Expenses: ₹232.36 lakhs
  • Profit after tax: ₹677.73 lakhs

Material Events During the Year

Amalgamation Scheme:

  • Company pursued amalgamation of Palco Recycle Industries Limited with Palco Metals Limited
  • Initial attempt under fast-track route (Section 233) failed due to not meeting 90% shareholding criteria
  • Board resolution passed on June 30, 2025 to apply to NCLT Ahmedabad under Sections 230-232
  • NCLT order dated June 16, 2026 directed convening of shareholder and creditor meetings
  • Meetings held on July 27, 2026 where scheme was approved by requisite majority
  • Scheme remains subject to final NCLT sanction and statutory formalities

Post Balance Sheet Events

Subsequent to March 31, 2026, the NCLT-convened meetings of equity shareholders and unsecured creditors approved the amalgamation scheme on July 27, 2026. The scheme awaits final NCLT sanction.

Corporate Governance

  • Board of Directors: 4 members (including 1 woman director)
  • Board Meetings: 10 meetings held during FY2025-26 with 100% attendance by all directors
  • Committees: Audit Committee (4 meetings), Nomination and Remuneration Committee (2 meetings), Stakeholders Relationship Committee (2 meetings)
  • Company exempt from certain corporate governance provisions due to size criteria

Capital Structure

Share Capital:

  • Authorized Capital: ₹1,000.00 lakhs (1,00,00,000 equity shares of ₹10 each)
  • Issued, Subscribed and Paid-up Capital: ₹400.00 lakhs (40,00,000 equity shares of ₹10 each)
  • No change in share capital during the year

Other Key Information

  • Listing: BSE Limited (ISIN: INE239L01013)
  • Registrars & Share Transfer Agents: MCS Share Transfer Agent Limited
  • Bankers: State Bank of India
  • CSR: Not applicable to the company
  • Dividend: No dividend recommended for the year
  • Deposits: No deposits accepted from public

Voting Arrangements

  • Remote e-voting period: September 25, 2026 (9:00 AM) to September 27, 2026 (5:00 PM)
  • Cut-off date: September 21, 2026
  • Scrutinizer: Mr. Punit S. Lath, Practicing Company Secretary
  • Results to be uploaded on company website and intimated to BSE

Director Re-appointment Details

Mr. Naman Naredi (DIN: 06943536):

  • Date of Birth: August 13, 1993
  • Date of Appointment: February 12, 2024
  • Qualifications: B.Com, MBA
  • Experience: Background in import-export trading, currently involved in Premium Petro Products and Fun Kingdom
  • Shares held: Nil
  • No inter-se relationship with other directors/KMP

#Tags: #PalcoMetals #AGM2026 #AnnualReport #SEBIDisclosure #RegulatoryCompliance #FinancialResults #Amalgamation #NCLT #Neutral