ALPHA TRIBE

Pet Plastics LtdOthers, 08-08-2025: AGM/EGM

08-08-2025 | 07:45 pm

Pet Plastics Limited will seek shareholder approval at its upcoming Annual General Meeting for a significant strategic shift. The company proposes to change its name to 'Bharatam Ventures Limited' and alter its main business focus from plastics to diversified activities, including financial services facilitation, distribution, and trading. The meeting will also consider regularizing director appointments and approving various financial measures, including a ₹100 Cr limit for related party transactions, up to ₹200 Cr for borrowings, and a material related party transaction involving the assignment of ₹2.00 Cr in advances to a promoter group entity for ₹0.35 Cr. The company reported standalone revenue of ₹4.30 Cr and a net profit of ₹0.15 Cr for the year.

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