Company Overview

Gujarat Poly Electronics Limited (CIN: L21308GJ1989PLC012743) is a listed company on BSE Limited (Scrip Code: 517288) engaged in manufacturing and trading of Ceramic Capacitors both Multilayer and Single layer. The registered office is at Plot No. E-188, Gandhinagar Electronic Estate, Sector 26, Gandhinagar, Gujarat - 382 028.

Annual General Meeting Details

The 37th Annual General Meeting is scheduled for Thursday, August 20, 2026 at 11:00 AM through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The record date for dividend determination is July 17, 2026, and the register of members will be closed from August 14-20, 2026.

Business to be Transacted

Ordinary Business:

1. Adoption of audited financial statements for FY ended March 31, 2026

2. Declaration of dividend of ₹0.50 per equity share (5% of face value ₹10)

3. Re-appointment of Mr. Vinay Kumar Puniani (DIN: 10706691) who retires by rotation

Special Business:

4. Re-appointment of Mr. Vinay Kumar Puniani as Whole-time Director designated as 'Executive Director' for 2 years from August 1, 2026

Financial Performance (₹ in lakhs)

| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |

| Sales Turnover | 1,687.30 | 1,778.94 | 1,691.31 |

| Profit before Tax | 3,188.40 | 252.11 | 184.33 |

| Current Tax | 356.86 | 8.44 | - |

| Deferred Tax | 32.59 | 29.19 | (31.60) |

| Profit after Tax | 2,802.22 | 214.48 | 215.93 |

| Total Comprehensive Income | 2,799.14 | 201.65 | N/A |

The significant improvement in profitability is primarily due to gain on disposal of Property, Plant and Equipment of ₹3,029.51 lakhs.

Dividend Declaration

The Board recommends a dividend of ₹0.50 per equity share (5%) aggregating to ₹42.75 lakhs, subject to shareholder approval. Dividend will be paid on or after August 20, 2026 to members on record as of July 17, 2026.

Director Reappointment

Mr. Vinay Kumar Puniani (68 years, DIN: 10706691) is proposed for reappointment as Executive Director for 2 years from August 1, 2026. His remuneration package includes:

  • Salary up to 5% of net profits or ₹5,00,000 per month (₹60 lakhs annually) in case of inadequate profits
  • Perquisites including house rent allowance, conveyance, medical expenses, etc.
  • Current remuneration for FY 2025-26 was ₹25,38,658

Capital Structure Changes

The company redeemed 9,81,500 0.5% Non-Cumulative Redeemable Preference Shares of ₹100 each held by Polychem Limited on February 25, 2026, paying ₹981.50 lakhs. This was done in compliance with NCLT order dated November 24, 2023.

Corporate Governance

Board Composition:

  • Mr. T. R. Kilachand (Executive Chairman)
  • Mr. P. T. Kilachand (Non-Executive Director)
  • Mr. Vinay Kumar Puniani (Executive Director)
  • Mr. Rajan P. Vahi (Independent Director)
  • Mr. Chetan R. Desai (Independent Director)
  • Ms. Nirmala S. Mehendale (Independent Director)

Key Committees:

  • Audit Committee: 4 members, met 4 times during FY 2025-26
  • Stakeholders Relationship Committee: 3 members, met 4 times
  • Nomination and Remuneration Committee: 4 members, met 1 time

Auditor Appointments

  • Statutory Auditor: M/s. G. M. Kapadia & Co. (FRN: 104767W) appointed for 5 years from 36th AGM to 41st AGM
  • Secretarial Auditor: Mr. Tushar Shridharani (FCS: 2690) appointed for 5 years from FY 2025-26 to FY 2029-30
  • Internal Auditor: M/s Chokshi & Chokshi, LLP (FRN: 101872W/W100045) for FY 2026-27

Shareholding Pattern (as on March 31, 2026)

  • Total Equity Shares: 85,50,000 of ₹10 each
  • Promoters: 52.09% (44,53,745 shares)
  • Public: 47.91%
  • Demat Holdings: 83.90% of total shares
  • Physical Holdings: 16.10% of total shares

Key Ratios and Significant Changes

Several financial ratios showed significant changes (>25%) compared to previous year:

  • Current Ratio: 6.21 (from 14.22) -56.34%
  • Debt-to-Equity Ratio: 0.01 (from 0.96) -99.10%
  • Return on Equity: 1.11 (from 0.21) +427.92%
  • Net Profit Ratio: 1.66 (from 0.12) +1283.98%

Other Material Information

  • Foreign exchange usage: ₹765.32 lakhs (previous year: ₹872.37 lakhs)
  • No foreign exchange earnings
  • Company has 34 permanent employees
  • No complaints received under Sexual Harassment Act
  • Registered office shifted within Gandhinagar effective December 9, 2025