42nd Annual Report for the Financial Year 2025-26

ANDHRA PETROCHEMICALS LIMITED 42nd Annual Report 2025 - 26 THE ANDHRA PETROCHEMICALS LIMITED Board of Directors Bankers State Bank of India Dr. Pamidi Kotaiah, Chairman Union Bank of India Sri P Narendranath Chowdary, Managing Director IDBI Bank Ltd. Dr. (Smt.) D Manjulata Sri V Raghunath, Nominee of APIDC Registered Office Sri Ravi Pendyala Venkatarayapuram Sri P Venkateswara Rao Tanuku - 534 215 Sri M Gopalakrishna, I.A.S., (Retd.) West Godavari District Sri G S V Prasad Andhra Pradesh Sri M S R V K Ranga Rao Tel : 08819 - 224075 / 220975 Sri K S S Aditya, Nominee of APIDC Fax : 08819-224168 Dr. V.N.Rao (upto 20.09.2025) CIN : L23209AP1984PLC004635 E-mail: Key Managerial Personnel investors@theandhrapetrochemicals.com Sri K Narasappa, President info.tnk@theandhrapetrochemicals.com Sri G Adinarayana Website: www.theandhrapetrochemicals.com Chief Financial Officer & Company Secretary Factory Statutory Auditors Opp. Naval Dockyard M/s. C.V. Ramana Rao & Co., Post Box No. 1401 Chartered Accountants Visakhapatnam - 530 014 D.No. 1-88-19, Plot No. 135/4 Andhra Pradesh Sector-4, MVP Colony Visakhapatnam - 530 017 Registrar & Share Transfer Agent M/s. XL Softech Systems Ltd., Cost Auditors No.3, Sagar Society, Road No. 2, M/s. Narasimha Murthy & Co., Banjara Hills, Hyderabad - 500 034 Cost Accountants Telangana State 104, Pavani Estate Tel : 040-23545913 / 914 / 915 3-6-365, Himayatnagar E-mail: xlfield@gmail.com Hyderabad - 500 029 Secretarial Auditors Content Page No. M/s. Nekkanti S.R.V.V.S. Narayana & Co., Notice 2 Company Secretaries Plot No. 29, 2nd Floor, Directors Report 12 Gafoor Nagar, Madhapur ManagementDiscussion & Analysis 13 Hyderabad - 500 081 Report on Corporate Governance 30 Independent Auditors' Report 44 Accounting Policies 54 Balance Sheet 63 Statement of Profit & Loss 64 Statement of Cash Flow 67 Financial Summary 104 Updation of PAN, Bank & e-mail details, Proxy Form & Attendance Slip THE ANDHRA PETROCHEMICALS LIMITED CIN: L23209AP1984PLC004635 Regd. Office: Venkatarayapuram, TANUKU - 534215 West Godavari District, Andhra Pradesh Phone: 08819- 224755 & 220975, Fax: 08819-224168 E-mail: investors@theandhrapetrochemicals.com Website:www.theandhrapetrochemicals.com NOTICE NOTICE is hereby given that the Forty Second Annual General Meeting of the Members of THE ANDHRA PETROCHEMICALS LIMITED will be held on Wednesday, 23rd September, 2026 at 3.00 p.m. at the ASL Meeting Hall, Upstairs of Canteen Building of The Andhra Sugars Ltd., Venkatarayapuram, Tanuku - 534215, West Godavari District, Andhra Pradesh, to transact the following business: ORDINARY BUSINESS: 1. To receive, consider and adopt the Audited Financial Statements for the Financial Year ended 31st March, 2026 and the Reports of the Board of Directors and Auditors' thereon. 2. To appoint a Director in place of Sri M S R V K Ranga Rao (DIN 00031720) who retires by rotation and being eligible offers himself for reappointment. 3. To appoint a Director in place of Sri Ravi Pendyala (DIN 03375555) who retires by rotation and being eligible offers himself for reappointment. 4. To fix remuneration of Statutory Auditors M/s C V Ramana Rao & Co., (Firm Regn. No.002917S) Chartered Accountants, Visakhapatnam, for the Financial Year 2026-27. SPECIAL BUSINESS: 5. To consider, and if thought fit, to pass with or without modification(s), the following Resolution as an Ordinary Resolution: "RESOLVED THAT pursuant to the provisions of Section 148 and other applicable provisions, if any, of the Companies Act, 2013 read with Rule 14 of the Companies (Audit and Auditors) Rules, 2014 and the Companies (Cost Records and Audit) Rules, 2014 [including any statutory modification(s) or re-enactment(s) thereof for the time being in force] the Members of the Company hereby ratifies the remuneration of Rs.2,00,000/- (Rupees two lakhs only) plus taxes as applicable and reimbursement of actual travel and out-of-pocket expenses for the Financial Year 2026-27, to be paid to M/s Narasimha Murthy & Co., (Regn. No. 000042), Cost Accountants, Hyderabad, appointed as the Cost Auditors by the Board of Directors of the Company to conduct the Audit of the Cost Accounting Records of the Company. RESOLVED FURTHER THAT the Board of Directors of the Company (including any Committee thereof) be and are hereby authorised to do all acts and take all such steps as may be necessary, proper or expedient to give effect to this Resolution." By Order of the Board Place: Venkatarayapuram Date: 27.5.2026 Pendyala Narendranath Chowdary Managing Director Registered Office: Venkatarayapuram TANUKU – 534 215 Andhra Pradesh NOTES: 1. The Explanatory Statement pursuant to Section 102(1) of the Companies Act, 2013, in respect of Item No. 5 is annexed hereto. 2. A Member entitled to attend and vote at the Meeting is entitled to appoint a Proxy and the Proxy need not be a Member of the Company. A person can act as Proxy on behalf of Members not exceeding fifty (50) and holding in the aggregate not more than ten percent of the total share capital of the Company. A Member holding more than ten percent of the total share capital of the Company may appoint a single person as Proxy and such person cannot act as a Proxy for any other person or shareholder. The instrument of Proxy in order to be effective, should be deposited at the Registered Office of the Company, duly completed and signed, not less than 48 hours before the commencement of the Meeting. Proxies submitted on behalf of the companies, societies etc., must be supported by an appropriate resolution / authority, as applicable. A Proxy Form is sent herewith. 3. In line with the Securities and Exchange Board of India (SEBI) Circular No. SEBI/HO/CFD/CFD-POD-2/P/ CIR/2023/167 dated 7.10.2023, the Notice of the AGM along with the Annual Report for the Year 2025-26 is being sent only through electronic mode to those Members whose e-mail addresses are registered with the Company/Depositories. Members may please note that the Notice convening the 42nd AGM and the Annual Report for the year 2025-26 have been uploaded on the website of the Company at www.theandhrapetrochemicals.com under 'Financial Results' section and may also be accessed on the website of the Stock Exchange i.e., BSE Limited at www.bseindia.com. 4. Your Company provides Electronic Voting facility and its particulars and instructions are enclosed and form part of this Notice. 5. The Register of Members and Share Transfer Books of the Company will remain closed from Monday, 21.9.2026 to Wednesday, 23.9.2026 (both days inclusive). 6. Documents referred to in the Notice and Explanatory Statement are open for inspection at the Registered Office of the Company from 9 a.m. to 11 a.m. and from 3 p.m. to 5 p.m. on any working day prior to the date of the Annual General Meeting. 7. Members who hold Shares in Dematerialized Form are requested to write their Client ID and DP ID numbers on the Attendance Slip for easy identification of attendance at the Meeting. 8. Shareholders holding Shares in Physical Mode are requested to intimate their change of address, if any, to the RTA viz., M/s XL Softech Systems Ltd., Hyderabad, and the Shareholders holding Shares in Demat Mode are requested to notify their change of address, if any, to the Depository Participant (DP) (and not to the Company / RTA) with whom they have Demat Account. 9. Any person who acquires Shares of the Company and become Member of the Company after the despatch of the Notice of AGM and holding Shares as on the cut-off date, i.e., 18.9.2026 can vote by entering the particulars as specified in instructions for e-voting. If they are already registered with CDSL for remote e- voting then they can use their existing user ID and Password / PIN for casting their vote. If they forgot their password they can reset their Password by using "Forgot User Details / Password" option available on www.evoting.cdslindia.com 10. Pursuant to provisions of Section 124 of the Companies Act, 2013 [Showing first 8,000 characters — download PDF for full document]