31st Annual Report
Awaiting price reaction for this filing.
Innocorp Limited, a Hyderabad-based plastic ware products maker, submitted its 31st Annual Report along with the AGM notice for FY 2024-25. The company reported zero revenue from operations and no other income during the year, compared to total income of Rs. 1.21 lakh in the previous year. Net loss widened to Rs. 37.64 lakh from Rs. 26.11 lakh in FY 2023-24, mainly due to a reduction in Tupperware orders. Net worth fell to Rs. 231.56 lakh from Rs. 269.20 lakh. The 31st AGM is scheduled for September 29, 2025, where shareholders will consider re-appointment of Mr. Prasad VSS Garapati as Whole Time Director and the appointment of M/s. P S Rao & Associates as Secretarial Auditors for five years. No dividend was recommended.
For shareholders, this is a routine regulatory filing but highlights concerning fundamentals — zero operational revenue, consecutive widening losses, and eroding net worth suggest the company is struggling to sustain its core business. Investors should view the stock with caution until revenue traction returns.