Key Dates and Events

  • AGM Date: Monday, 28th September, 2026 at 11:00 AM
  • AGM Venue: Registered office at Surana House, Behind Klassic Chambers, Swastik X Road, Opp. Narnarayan Complex, Navrangpura, Ahmedabad - 380009, Gujarat
  • Record Date: 21st September, 2026
  • Register Closure: 22nd September, 2026 to 28th September, 2026 (both days inclusive)
  • Remote e-voting period: 25th September, 2026 (9:00 AM) to 27th September, 2026 (5:00 PM)

Business Operations

The Company had discontinued its major manufacturing activities with effect from 08/11/2023 and is presently engaged in trading activity. The spinning plant for manufacturing of cotton yarn remains non-operational.

Financial Performance (Amount in ₹ Lakhs)

Continuing Operations:

  • Gross Revenue: 1,209.61 (Previous year: 1,710.33)
  • Profit before Interest, Depreciation & tax: (124.75) (Previous year: 119.44)
  • Profit before tax: (178.06) (Previous year: 81.29)

Discontinuing Operations:

  • Profit before Tax: 212.54 (Previous year: 54.82)
  • Profit after tax: 136.44 (Previous year: 67.77)

Consolidated:

  • Net Profit/(Loss) for the period: (41.62) (Previous year: 149.06)
  • Profit/(Loss) brought forward: (2,567.83) (Previous year: (2,716.89))
  • Balance carried to Balance Sheet: (2,609.45) (Previous year: (2,567.83))

Capital Structure

  • Authorized Capital: ₹30,00,00,000 divided into 1,00,00,000 Equity Shares of ₹10 each and 20,00,000 Non-Convertible Non-Cumulative Redeemable Preference Shares of ₹100 each
  • Issued, Subscribed and Paid-up Capital: ₹14,09,32,000 divided into 45,93,200 Equity Shares of ₹10 each and 9,50,000 Preference Shares of ₹100 each
  • No change in capital structure during the financial year

Dividend Declaration

  • Recommended 0.01% dividend on Non-Convertible Non-Cumulative Redeemable Preference Shares of face value ₹100 each
  • No dividend recommended for equity shares
  • Dividend payment subject to approval at AGM and as per Companies (Declaration and Payment of Dividend) Rules, 2014

AGM Agenda Items

Ordinary Business:

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

2. Declaration of dividend on Preference Shares

3. Re-appointment of Mr. Sunny Sunil Singhi (DIN: 07210706) who retires by rotation

4. Appointment of M/s. A H Mandaliya & Associates, Chartered Accountants (FRN 146705W) as Statutory Auditors for 5 years

Special Business:

5. Approval of Related Party Transactions for FY 2026-27:

  • With Premier Spintex Private Limited: Not exceeding ₹10,00,00,000
  • With Sun Insulators Private Limited: Not exceeding ₹5,00,00,000
  • With Vijay Stationeries Private Limited: Not exceeding ₹2,50,00,000

Board and Committee Meetings

  • Board Meetings: 6 meetings held during FY 2025-26
  • Audit Committee: 5 meetings held
  • Nomination & Remuneration Committee: 2 meetings held
  • Stakeholder Relationship Committee: 4 meetings held

Director Changes

  • Ms. Anusha Maheshwary retired as Independent Director w.e.f. 7th July, 2025
  • Ms. Savita Gupta (DIN: 00148102) appointed as Independent Director w.e.f. 13th August, 2025
  • Mr. Vinod Rana appointed as Company Secretary w.e.f. 7th June, 2025

Auditor Information

  • Statutory Auditors: M/s. Purushottam Khandelwal & Co., Chartered Accountants (FRN No.123825W) - tenure ending at 56th AGM
  • Proposed New Auditors: M/s. A H Mandaliya & Associates, Chartered Accountants (FRN 146705W) for 5 years subject to shareholder approval
  • Secretarial Auditor: M/s. Jigar Trivedi & Co., Practicing Company Secretaries (C.P. No.18483)
  • Internal Auditor: M/s. Sanket S. Shah & Associates, Chartered Accountants (FRN No.155308W)

Related Party Transactions

All related party transactions entered during the financial year were in ordinary course of business at arm's length basis. No materially significant related party transactions were entered with Promoters, Directors, Key Managerial Personnel.

Key Financial Ratios

  • Debt Service Coverage Ratio: -225.08%
  • Return on Capital Employed: -132.78%
  • Trade Receivables Turnover Ratio: 7.08
  • Net Profit Ratio: -3.13%

Other Disclosures

  • The company does not have any Joint Venture, Associate or Subsidiaries
  • No funds raised through public deposits during the year
  • No material frauds reported during the year
  • No significant/material orders passed by regulators/courts/tribunals
  • The company is not required to maintain cost records as per Section 148 of Companies Act, 2013
  • CSR provisions under Section 135 of Companies Act, 2013 are not applicable

Document Availability

The Annual Report and Notice of AGM are available on the company's website at https://premiersyntheticsltd.com/wp-content/uploads/2026/08/Annual-Report-2025-26.pdf and on BSE website at www.bseindia.com

Voting Arrangements

  • M/s. Jigar Trivedi & Co. appointed as Scrutinizer
  • MUFG Intime India Private Limited engaged for e-voting facility
  • Detailed voting instructions provided for shareholders holding shares in both physical and demat mode