Gujarat Petrosynthese Ltd

Dematerialisation processing status

• Dematerialisation requests were processed and securities listed on the stock exchanges.
• The dematerialisation certificates were mutilated and cancelled, with depository name substituted as registered owner.
• RTA confirmed to the depositories that dematerialisation requests were processed.
• Securities dematerialised have been listed on the exchange where earlier securities were listed.

Gujarat Petrosynthese Limited trading window closed from Oct 01, 2026; will reopen 48 hours after the declaration of Un-audited Financial Results for the Quarter and half-year ended September 30, 2026.

AGM Details

• AGM held on 23 September 2026 at 11:00 AM via Video Conferencing/OAVM.
• Venue deemed at the company's registered office in Bengaluru.
• Cut-off date for voting entitlement: 16 September 2026.
• Remote e-voting: 20–22 September 2026; voting during AGM available for 15 minutes post-meeting.
• Voting facility provided by CDSL.

Key Resolutions

• Resolution 1 (Ordinary): Adoption of Audited Financial Statements for FY2025-26.
• Resolution 2 (Ordinary): Appointment of Rajender Prasad as Non-Executive Director.
• Resolution 3 (Special): Re-appointment of Urmi N. Prasad as Joint MD.
• Resolution 4 (Special): Re-appointment of Charita Thakkar as Joint MD.

Voting Results

• Resolution 1: Passed with 99.99% in favour; 25 against; 3,252,100 shares polled.
• Resolution 2: Passed with 99.99% in favour; 25 against; 3,252,100 shares polled.
• Resolution 3: Passed with 99.99% in favour; 25 against; 3,252,100 shares polled.
• Resolution 4: Passed with 99.99% in favour; 25 against; 3,252,100 shares polled.

Joint MD Re-appointments

• Re-appointment of Urmi Prasad as Joint MD for five years, Apr 1, 2027–Mar 31, 2032; profile: CA, MBA.
• Re-appointment of Charita Thakkar as Joint MD for five years, Apr 1, 2027–Mar 31, 2032; profile: finance exec.
• Charita Thakkar's re-appointment is subject to Central Government approval.
• Urmi Prasad is Charita Thakkar's sister and spouse of Nuthakki Rajender Prasad (non-exec director).
• Charita Thakkar is Urmi Prasad's sister.

AGM Details

• 49th AGM held on Sep 23, 2026 at 11:00 IST via VC/OAVM.
• Meeting concluded at 11:25 IST; e-voting open for 15 minutes.
• Venue deemed registered office; meeting conducted via VC/OAVM.

Resolutions

• Adopt Audited Financial Statements for FY ended Mar 31, 2026 (Ordinary).
• Appointment of Nuthakki Rajender Prasad as Non-Executive Non-Independent Director, retires by rotation, eligible for re-appointment.
• Re-appointment of Urmi N. Prasad as Joint Managing Director.
• Re-appointment of Charita Thakkar as Joint Managing Director.

Voting status

• Outcome of resolutions not disclosed in the summary.

Compliance: AGM notice access

• Company issued letters to shareholders without registered emails, providing a weblink to access AGM notice and annual report.

Financial performance

• Revenue from operations: 225772.74 (INR '000).
• Total income: 257119.05 (INR '000).
• Profit before tax: 29038.40 (INR '000).
• Profit after tax: 23573.54 (INR '000).
• Earnings per share: 3.95 (INR).
• Final dividend: NIL.
• Cash and cash equivalents: 25374.48 (INR '000).
• Shareholders' funds: 522793.51 (INR '000).

Operational highlights

• Sales volume: 984 MT in FY2025-26.
• New customers: 26; new products: 84.
• Revenue grew about 33% year-on-year.
• ISO 9001:2015 and ISO 14001:2015 certified.

Dividends & capital returns

• No dividend declared for FY2025-26.

Capital structure & liquidity

• No borrowings; cash balance ₹25,374.48k.
• Current ratio 8.23x.
• Debt-to-equity ratio 0%.
• Shareholders' funds ₹522,793.51k.

Governance & controls

• Board consists of five directors; two JMDs; two independents.
• Audit Committee: three members; four meetings held.
• Secretarial audit: Annexure I; no adverse observations.
• Internal controls are adequate; no material weaknesses.

Related party transactions

• Related party transactions mainly with KMPs; arms-length.
• KMP remuneration total ₹7,614k; sitting fees ₹435k for non-execs.
• There were disclosures of related-party arrangements in notes.

Auditors & risk management

• Statutory auditors: Dayal & Lohia; continuing to 50th AGM.
• Secretarial auditor: J.J. Gandhi & Co.; five-year term.
• Internal auditors: Krishna & Vishwas LLP; proposed for 2026-27.
• No frauds reported; no material internal control weaknesses.

Management discussion & outlook

• GPL is a polymer alloys and blends manufacturer.
• FY2025-26 revenue growth driven by import substitution products.
• Risks include raw material price volatility and supply chain disruptions.
• Strategy focuses on product diversification, efficiency, and cost control.