Purity Flexpack 38th AGM Notice and Annual Report 2025-26

Annual General Meeting Details

Date: Saturday, 5th September 2026
Time: 11:00 AM IST
Mode: Video Conferencing/Other Audio Visual Means (VC/OAVM)
Record Date: 29th August 2026
Book Closure: 30th August 2026 to 5th September 2026 (both days inclusive)

Ordinary Business

1. Adoption of Financial Statements: To receive, consider and adopt Audited Financial Statements for FY ended 31st March 2026 with reports of Board of Directors and Auditors

2. Re-appointment of Director: Mrs. Kokila Patel (DIN: 00106487) retires by rotation and offers herself for re-appointment

Special Business (13 Resolutions)

Key Resolutions:

3. Re-appointment of Mr. Anil Patel as Managing Director

Special resolution for appointment beyond age of 70 years (attains 70 on 12th April 2027)
Tenure: 5 years from 13th April 2027
Remuneration not exceeding ₹1.50 Crore per annum
May exceed permissible limits under Companies Act 2013

4. Revision of remuneration for Mrs. Vaishali Amin, Executive Director

Consolidated remuneration not exceeding ₹75 lakhs per annum effective 1st April 2026
Includes salary, perquisites, performance bonus, gratuity, leave encashment, car facility, telephone/electricity facilities
May exceed permissible limits under Companies Act 2013

5. Revision of remuneration for Mr. Jayesh Shah, Executive Director & CFO

Consolidated remuneration not exceeding ₹50 lakhs per annum effective 1st April 2026
Terms and conditions to be decided by Board
May exceed permissible limits under Companies Act 2013

6-8. Re-appointment of Independent Directors

Mr. Aalok Davda (DIN: 03178800) - second term from 26th March 2027 to 25th March 2032
Mr. Forum Lodaya (DIN: 08517985) - second term from 26th March 2027 to 25th March 2032
Mr. Pratik Shah (DIN: 03337910) - second term from 26th March 2027 to 25th March 2032

9. Increase in Authorized Share Capital

From ₹6,00,00,000 (60 lakh equity shares of ₹10 each) to ₹10,00,00,000 (1 crore equity shares of ₹10 each)
Creation of additional 40 lakh equity shares
Consequential alteration to Clause V of Memorandum of Association

10. Alteration of Object Clause

Insertion of sub-clauses 6D to 6F in Clause III(A) of MOA
Expansion to include manufacturing of soap, cosmetics, perfumes, paper products, laminates, packaging articles, rubber and plastic goods

11-12. Adoption of new MOA and AOA

Alignment with Companies Act 2013 and Schedule I requirements
Editorial changes and reference updates from Companies Act 1956 to 2013

13. Ratification of Cost Auditor's Remuneration

M/s Chetan Gandhi & Associates, Cost Accountants (FRN: 101341)
Remuneration: ₹30,000 for FY ending 31st March 2027

Financial Performance Summary (FY2025-26 vs FY2024-25)

| Revenue from Operations | 14,495.14 | 12,682.50 | +14.3% |

| Other Income | 18.30 | 42.31 | -56.7% |

| Total Income | 14,513.43 | 12,724.81 | +14.1% |

| Profit Before Interest, Depreciation & Tax | 887.87 | 942.07 | -5.8% |

| Interest Expense | 166.50 | 194.91 | -14.6% |

| Depreciation | 413.65 | 393.93 | +5.0% |

| Profit Before Tax | 307.72 | 353.23 | -12.9% |

| Current Tax | 89.62 | 86.59 | +3.5% |

| Earlier Year Tax | 4.87 | - | NA |

| Deferred Tax | (17.98) | (0.27) | NA |

| Profit After Tax | 231.21 | 266.91 | -13.4% |

| Total Comprehensive Income | 249.38 | 274.98 | -9.3% |

| Basic EPS (₹) | 7.18 | 8.29 | -13.4% |

| Diluted EPS (₹) | 7.18 | 8.29 | -13.4% |

Capital Structure Changes

Bonus Issue: Issued 21,46,800 bonus shares on 13th October 2025 (2:1 ratio)
Paid-up Capital: Increased from ₹1,07,34,000 to ₹3,22,02,000
Authorized Capital: ₹6,00,00,000 (proposed to increase to ₹10,00,00,000)
Shares in Demat: 27,26,384 shares (84.67% of total) as on 31st March 2026

Key Financial Position (as at 31st March 2026)

Total Assets: ₹10,431.36 lakhs (Previous: ₹8,404.72 lakhs)
Non-Current Assets: ₹5,381.80 lakhs (Property, Plant & Equipment: ₹4,516.76 lakhs)
Current Assets: ₹5,049.56 lakhs (Inventories: ₹2,384.54 lakhs; Trade Receivables: ₹2,243.13 lakhs)
Equity: ₹3,877.53 lakhs
Non-Current Liabilities: ₹1,302.66 lakhs (Borrowings: ₹776.62 lakhs)
Current Liabilities: ₹5,251.17 lakhs (Borrowings: ₹1,436.05 lakhs; Trade Payables: ₹3,529.91 lakhs)

Corporate Governance

Board Composition: 10 Directors (4 Executive, 6 Non-Executive including 4 Independent Directors)

Board Meetings: 6 meetings held during FY2025-26

Committees:

Audit Committee (Met 6 times)
Nomination & Remuneration Committee (Met 1 time)
Stakeholders Relationship Committee (Met 1 time)

Auditors:

Statutory Auditors: M/s. Shah Mehta and Bakshi, Chartered Accountants (Firm Registration No: 103824W)
Secretarial Auditor: Mr. Devesh R. Desai, Practicing Company Secretary
Cost Auditors: M/s. Chetan Gandhi and Associates, Cost Accountants (FRN: 101341)
Internal Auditors: M/s. M Sahu & Co., Chartered Accountants

Regulatory Compliance Issues

BSE levied penalties totaling ₹5,16,97,218 on 18th September 2025 pursuant to SEBI SOP Circular
Company applied for waiver on 29th October 2025
Partial waiver approved: ₹63,00,000 waived, ₹19,97,112 paid on 3rd June 2026
Penalties related to late/non-submission of financial results and annual reports for periods 2014-2018

Other Material Information

Dividend: No dividend recommended for FY2025-26
Share Transfer Agent: MUFG Intime India Private Limited
Bankers: Axis Bank Limited
Factory & Registered Office: Vanseti, Post Tajpura, Near Halol, Dist Panchmahal - 389 350
EVoting: Through NSDL from 2nd September 2026 (9:00 AM) to 4th September 2026 (5:00 PM)

Voting Instructions

Remote e-voting period: 2nd September 2026 (9:00 AM) to 4th September 2026 (5:00 PM)
Members can vote through NSDL e-Voting system or through their demat accounts
Physical attendance dispensed with due to VC/OAVM meeting
Scrutinizer: Mr. Devesh R. Desai, Practicing Company Secretary

#Tags: #PurityFlexpack #AGM2026 #AnnualReport #SEBIDisclosure #RegulatoryCompliance #FinancialResults