Pet Plastics Ltd — Others, 08-08-2025: Others

Pet Plastics Ltd. has announced its 40th Annual General Meeting for August 28, where shareholders will vote on key strategic shifts. The company proposes changing its name to Bharatam Ventures Limited, reflecting a significant business diversification into financial services, including roles as a business correspondent and direct selling agent. For FY25, revenue was ₹4.30 Cr (down from ₹7.96 Cr), while profit rose to ₹0.15 Cr from ₹0.13 Cr due to operational efficiency. Other key proposals include director appointments, approval for related party transactions up to ₹100 Cr, and increased borrowing/investment limits up to ₹200 Cr. The company is also divesting ₹2 Cr in advances to a promoter group entity for ₹0.35 Cr. Management is addressing secretarial compliance observations.