Company Overview
P G Foils Limited (Scrip Code: 526747, Scrip ID: PGFOILQ) has issued its Integrated Annual Report for FY 2025-26 and notice for its 47th Annual General Meeting scheduled for September 21, 2026, to be conducted via video conference.
Financial Performance FY 2025-26
The company reported mixed financial results with revenue of ₹31,849.54 lakhs but a net loss of ₹824.16 lakhs, compared to a profit of ₹2,411.18 lakhs in FY25. Key metrics include EBITDA of ₹996.72 lakhs, negative EPS of (₹6.99), and total assets of ₹50,383.77 lakhs. Operational performance showed gross turnover of ₹300.54 crores (excluding trading), production of 6,422.603 MT, and export revenue growth to ₹7,719.69 lakhs from ₹5,636.25 lakhs in FY25.
AGM Details and Voting Procedures
The 47th AGM will be held on September 21, 2026, at 11:30 AM IST via video conference. Remote e-voting is available from September 18-20, 2026, with record date set for September 14, 2026. Mr. Manish Sancheti has been appointed as Scrutinizer to oversee the voting process. Shareholders can inspect statutory registers electronically from the notice date until the AGM date by request.
Credit Rating and Liquidity Position
Care Ratings Limited downgraded the company's ratings to CARE BBB; Negative for long-term bank facilities and CARE A3+ for short-term facilities, covering total facilities of ₹195.00 crores. Despite this, the company maintained a net debt-free status with robust liquidity including cash/cash equivalents of ₹253.69 lakhs, bank balances of ₹111.38 lakhs, and current investments of ₹12,455.03 lakhs.
Operational and Modernization Initiatives
The company operates with a production capacity of 11,700 MTPA and employs 400+ people across 25+ export markets. Significant modernization investments in FY26 included installation of four hologram machines, hot-air generators, LOT fire safety system, EOT crane upgrades, inspection systems, and a three-colour printing machine. Planned investments include automation of older mills, new coating machines, and air-washing plant development.
Corporate Governance and Compliance
The board consists of six directors including Managing Director Pankaj P Shah and Whole Time Director Sahil Pankaj Shah. The company faced several compliance issues including secretarial audit qualifications for delayed filings, SEBI compliance breaches, and income tax demands totaling ₹4.55 crores for assessment years 2022-23 and 2024-25, against which appeals have been filed. An ongoing legal matter involves misappropriation of FDRs worth ₹69 crores with Dhanlaxmi Bank Limited, with ₹68.93 crores already recovered.
Shareholder Information and Corporate Structure
The company's registered office is in Ahmedabad with works in Pali, Rajasthan. Shares can only be transferred in dematerialized form per SEBI regulations. The board includes Pankaj P Shah (Managing Director), Sunil Kataria (Independent Director), Sahil Pankaj Shah (Whole-Time Director), Sakshi Sahil Shah (Non-Executive Director), and two other independent directors. CSR activities included ₹37.50 lakhs expenditure on healthcare through Paras Raj Bohra Memorial Trust, benefiting 20,000-25,000 people.