Ramgopal Polytex Limited, a company engaged in trading yarns and polymers, has made key announcements as part of its Board Meeting held on July 28, 2025, complying with SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. These developments include financial results, changes to the Board, and upcoming Annual General Meeting (AGM) information.

Q1 FY25 Financial Results

The Board approved the unaudited financial results for the quarter ending June 30, 2025, showing both performance highlights and operational figures.

• Revenue from operations surged to ₹23.50 lakh from ₹3.63 lakh in Q4 FY24, though still lower than ₹87.27 lakh in Q1 FY24.

• Total income, including other income, stood at ₹44.05 lakh, but total expenses amounted to ₹112.07 lakh.

• The company incurred a net loss of ₹68.02 lakh during the quarter due to provisions like ₹70 lakh for GST credits and consistent employee costs.

• Earnings per share (EPS) dropped to ₹(0.469), compared to ₹0.002 in Q1 FY24.

Despite the negative profitability, auditors have given a clean, unqualified review, suggesting transparent accounting practices.

Board Restructuring and Appointments

The company’s Nomination and Remuneration Committee recommended the appointment of Mr. Nishant Tolchand Ranka (DIN: 06609705), a seasoned Chartered Accountant with over 20 years of experience, as an Additional Non-Executive Independent Director, effective August 03, 2025, for a five-year term.

• Mr. Ranka, founder of N. T. Ranka and Company, is known for his expertise in direct tax litigation, financial advisory, and corporate governance.

• He is not related to any current directors and has no disqualifications from regulatory bodies like SEBI.

Cessation of Director Mr. Parma Lal Jyotshi

Mr. Parma Lal Jyotshi (DIN: 07248640) completed his second and final term as Independent Director, stepping down on August 02, 2025.

• He also vacates roles such as Chairman of the Audit Committee, Nomination and Remuneration Committee, and Member of the Stakeholders Relationship Committee.

• The Board expressed deep appreciation for his service and contributions.

Reconstitution of Committees

Following changes in the Board's composition, the committees have been restructured as follows effective August 03, 2025:

Audit Committee:

• Chairperson: Nishant T. Ranka (Independent)

• Members: Sanjay M. Jatia (Managing Director), Arun Kumar Modi (Independent)

Nomination and Remuneration Committee:

• Chairperson: Nishant T. Ranka (Independent)

• Members: Divya Modi (Non-Independent), Arun Kumar Modi (Independent)

Stakeholders Relationship Committee:

• Chairperson: Divya Modi (Non-Independent)

• Members: Sanjay Jatia (Managing Director), Nishant T. Ranka (Independent)

This reconstitution reflects good governance practices and ensures committees remain balanced post the director changes.

44th Annual General Meeting (AGM) Announcement

The Board also announced that the 44th AGM will be held on Tuesday, September 30, 2025 at 3:30 P.M. via video conferencing (VC)/ other audio-visual means (OAVM).

• Shareholders will be allowed to participate digitally, in line with the MCA guidelines and SEBI norms, facilitating wider participation.

Key Observations in Financial Statements

• Other Income remains stable at ₹20.55 lakh, almost similar to the previous quarter.

• Employee expenses remain steady, indicating cost consistency, though overall expenses increased due to exceptional provisions.

• The company had no borrowings, as reflected by zero finance costs, indicating a debt-light balance sheet.

• A provision of ₹70 lakh for Goods & Services Tax (GST) credits was recorded, heavily impacting the quarter’s profitability.

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