AMS Polymers Ltd — Updates, 29-05-2025: Company Update

AMS Polymers Limited has announced a board meeting on which approved the financial results for the quarter and half-year ended March 31, 2025, along with the auditor’s report. The company appointed M/s Kundan Agrawal & Associates as Secretarial Auditor for five years and M/s A Saini & Associates as Internal Auditor for FY 2025-26. The audited results carry an adverse opinion due to significant issues: improper fixed asset records and verification, lack of inventory verification, absence of ageing schedules and confirmations for receivables/payables, no provisions for doubtful debts or gratuity, and non-compliance in related party transaction disclosures. These lapses raise concerns about governance, transparency, and the reliability of the financials, which also show a net profit of ₹16.39 lakh for the year. The company reported increased borrowings and current liabilities, with cash and cash equivalents improving to ₹43.65 lakh.