Asian Petroproducts & Exports Ltd

📊 Asian Petroproducts FY2024-25 Financial Snapshot

- All Board Members and Senior Management affirmed compliance with the Code of Conduct as of March 31, 2025.

- Independent Directors confirmed to be independent of management.

- Company reported a net loss after tax of Rs. 117.84 lakh for the financial year ended March 31, 2025.

- Current ratio improved to 1.33 from 0.62, while debt-equity ratio worsened to 3.47 from -1.26.

- Return on equity was negative at -0.27 compared to 0.43 in the previous year.

- Company is debt-free during the period under review.

- Remuneration details: Jaykishor Chaturvedi (MD) received Rs. 24 lakh, Ankur Chaturvedi (CFO) Rs. 12 lakh, and Anjali Gurnani (CS) Rs. 5.55 lakh with a 9.10% increase.

- Median employee remuneration was Rs. 2 lakh per annum, with 14 employees on roll.

- Auditors issued a qualified opinion due to non-compliance with TDS provisions and Ind AS-19 for employee benefits.

- Internal controls deemed adequate but auditors could not fully assess due to limitations.

- Company raised Rs. 1,589.04 lakh through a rights issue of equity shares.

- Cash losses were Rs. 117.65 lakh in FY2025 and Rs. 104.16 lakh in FY2024.

- Total assets stood at Rs. 4,082.98 lakh, with equity at Rs. 1,175.53 lakh and liabilities at Rs. 2,907.46 lakh.

- No material related party transactions occurred during the year with Promoters, Directors, or Key Managerial Personnel.

- All related party transactions were disclosed in Note 22 of the Financial Statements and approved by the Audit Committee and Board.

- Equity shares are listed on BSE Ltd., with listing fees paid for 2024-25 and compliance with SEBI Listing Regulations maintained.

- A Rights Issue of 1,58,90,716 shares at Rs. 10 each was conducted, offering 11 new shares for every 6 existing shares held.

- No fraud was reported by Auditors to the Audit Committee or Board during the year.

- The Board confirmed compliance with accounting standards, proper internal controls, and adherence to the Companies Act, 2013.

- Auditors noted non-compliance with TDS provisions and Ind AS-19 for employee benefits; the company committed to future compliance.

- No complaints of sexual harassment were received or pending, as per the POSH Act compliance report.

- The Board consists of 5 directors, including 1 woman director and 2 independent directors, with regular meetings held.

- Shareholding pattern shows 56.41% held by Promoters, 41.94% by Resident Individuals, and 88.75% of shares in dematerialized form.

- Asian Petroproducts and Exports Limited announced a revised annual report for FY 2024-25 due to a typographical error in the Nomination and Remuneration Committee composition.

- The 33rd Annual General Meeting (AGM) is scheduled for September 30, 2025, at 2:30 PM IST via video conferencing.

- Revenue from operations for FY 2024-25 was ₹41.67 crores, with a net loss of ₹1.18 crores, compared to no revenue and a loss of ₹1.04 crores in the previous year.

- No dividend is recommended for FY 2024-25 due to the incurred losses.

- The company proposes to reappoint M/s. Maheshwari & Co. as statutory auditors and Mr. Roy Jacob as secretarial auditor for a five-year term.

- Mr. Siddharth Chaturvedi, Director, retires by rotation and is eligible for reappointment; he holds 2,143,385 shares in the company.

- The company manufactures chemicals based on ethylene oxide and serves industries like refineries, textiles, pharmaceuticals, and detergents.

- Key management includes Mr. Jaykishor Chaturvedi as Chairman and Managing Director, with Mr. Siddharth Chaturvedi and Mrs. Nupur Chaturvedi as Directors.

- E-voting for the AGM will be available from September 27 to September 29, 2025, through NSDL.