Key Dates

  • AGM Date: Wednesday, September 30, 2026, at 11:00 a.m.
  • AGM Venue: Leather Complex Area, Nellimarla, Vizianagram District, Andhra Pradesh- 535217
  • Record Date: Wednesday, September 23, 2026
  • E-voting Period: Sunday, September 27, 2026 (10:00 a.m. IST) to Tuesday, September 29, 2026 (5:00 p.m. IST)

Financial Performance (FY 2025-26)

  • Net Loss: ₹14.50 lakh (compared to ₹27.29 lakh loss in previous year)
  • Other Income: ₹5.52 lakh (primarily from miscellaneous receipts ₹2.00 lakh and sundry credit balances written back ₹3.52 lakh)
  • Employee Benefits Expense: ₹2.53 lakh
  • Other Expenses: ₹17.49 lakh (including professional fees ₹6.40 lakh, security charges ₹2.64 lakh, advertisement ₹1.76 lakh)
  • Finance Costs: ₹0.00 lakh (compared to ₹3.75 lakh in previous year)
  • Earnings Per Share (EPS): (₹0.66) per equity share of ₹10 each

Financial Position (as at March 31, 2026)

  • Total Assets: ₹28.17 lakh (previous year: ₹32.20 lakh)
  • Property, Plant and Equipment: ₹9.08 lakh (no change from previous year)
  • Cash and Cash Equivalents: ₹1.72 lakh (previous year: ₹4.88 lakh)
  • Other Bank Balances: ₹0.06 lakh (unchanged)
  • Current Tax Assets: ₹1.65 lakh (unchanged)
  • Total Equity: Negative ₹1,299.33 lakh (negative net worth)
  • Borrowings: ₹1,300.38 lakh (₹1,100.38 lakh non-current, ₹200.00 lakh current)
  • Trade Payables: ₹12.59 lakh (including ₹2.37 lakh to MSMEs)

Operational Status

The company's plant remains non-operational. The losses are attributed to administrative expenses incurred during the year. Management is making efforts to revive operations but provides no specific timeline or plan.

Capital Structure

  • Authorized Share Capital: ₹500.00 lakh (25,00,000 equity shares of ₹10 each + 25,00,000 preference shares of ₹10 each)
  • Issued Capital: ₹436.60 lakh (23,66,000 equity shares + 20,00,000 preference shares)
  • Paid-up Capital: ₹220.84 lakh (22,00,000 equity shares of ₹10 each fully paid up + ₹0.84 lakh forfeited shares)
  • Major Shareholders: Bambolli Holdings Pvt. Ltd. (48.99%), Gita R. Pandit (39.28%)

Dividend

No dividend recommended for the financial year 2025-2026.

Board of Directors

  • Mrs. Uma Yelavarthy (Director) - Retiring by rotation, seeking re-appointment
  • Mr. Glen Sylvester Mascarenhas (Independent Director)
  • Mr. Vibheeshana Rao Busurothu (Independent Director)
  • Mr. Narasimha Reddi Akkineni (Whole-time Director & CFO)

Key Managerial Personnel

  • Ms. Binita Patel appointed as Company Secretary and Compliance Officer with effect from May 01, 2026

Board and Committee Meetings

  • Board Meetings: 4 meetings held during the year (attendance: all directors attended all meetings)
  • Audit Committee: 4 meetings held (all members attended all meetings)
  • Nomination and Remuneration Committee: 1 meeting held (all members attended)
  • Stakeholders Relationship Committee: 1 meeting held (all members attended)

Regulatory and Compliance Issues

  • Plant Status: Non-operational since past years due to financial crisis
  • Share Trading: Suspended on BSE Limited
  • Listing Fees: Not paid for FY 2025-2026 due to financial crisis
  • Public Shareholding: Non-compliant with Regulation 38 of SEBI LODR (minimum public shareholding not maintained)
  • Pending Listing: 16,26,100 equity shares pending listing on BSE
  • Internal Auditor: Not appointed as required under Section 138 of Companies Act, 2013
  • Company Secretary: Appointed only on May 01, 2026 (was non-compliant earlier)
  • Income Tax Dispute: ₹55.47 lakh disputed demand for FY 2005-06 pending with Income Tax Appellate Tribunal

Going Concern Uncertainty

The auditors highlighted a material uncertainty regarding the company's ability to continue as a going concern due to:

  • Net loss of ₹14.50 lakh during the year
  • Negative net worth of ₹1,299.33 lakh
  • Non-operational status of the plant
  • Eroded net worth

Related Party Transactions

  • Loans taken from Bambolli Holdings Pvt. Ltd. (associate): ₹11.74 lakh during the year
  • Closing balance due to Bambolli Holdings Pvt. Ltd.: ₹1,049.75 lakh

Other Disclosures

  • Deposits: No deposits accepted from public
  • Subsidiaries/JVs/Associates: None
  • CSR: Not applicable to the company
  • Fraud: No instances of fraud reported by auditors
  • Whistleblower: No complaints received during the year
  • Sexual Harassment: No complaints received or pending
  • Internal Financial Controls: Considered adequate and operating effectively by auditors

Contingent Liabilities

  • Disputed Income Tax demands: ₹55.47 lakh (FY 2005-06)

Important Notes

  • The company has not recognized accruing liabilities for retirement benefits as required by AS 15
  • Bank balances of ₹0.29 lakh with Union Bank of India are in non-operative state
  • Trade payable and receivable balances are subject to confirmation
  • Previous year figures have been regrouped and rearranged where necessary

Communication Method

  • Annual Report sent through electronic mode to members with registered email addresses
  • Physical copies sent to members without registered email addresses
  • Documents available on company website: www.aptl.net.in

#Tags: #AndhraPradeshTanneries #AGM #SEBIDisclosure #RegulatoryCompliance #FinancialUpdate #Negative