AMS Polymers Ltd — Board Meeting, 28-05-2025: Board Meeting

AMS Polymers Limited has announced a board meeting on which it approved the financial results for the quarter and half-year ended. The company reported total income from operations of ₹10.10 Cr and a net profit of ₹0.77 Cr for the year. However, the auditor issued an adverse opinion due to significant issues: absence of proper fixed asset registers and inventory verification, lack of ageing schedules and provisions for doubtful debts on trade receivables, non-compliance in related party transaction disclosures, and failure to provide employee benefit provisions for gratuity. These shortcomings raise concerns over asset valuation, governance, and financial transparency. Additionally, the company appointed Kundan Agarwal & Associates as Secretarial Auditor for five years and A Saini & Associates as Internal Auditor for FY 2025-26.