31st Annual Report of the Company
Awaiting price reaction for this filing.
Amit International Limited filed its 31st Annual Report for FY 2024-25 along with the AGM notice. The 31st AGM is scheduled for Tuesday, 30 September 2025 at 10:30 AM at Rajhans Hotel, Mumbai. Key financial highlights (Rs. in lakhs): income from operations rose to Rs. 42.42 from Rs. 39.37 (~7.75% growth), expenses fell to Rs. 26.12 from Rs. 30.74 (~15% decline), profit before tax nearly doubled to Rs. 16.30 from Rs. 8.63, and profit after tax jumped ~88% to Rs. 12.57 from Rs. 6.68. EPS improved to Rs. 0.066 from Rs. 0.035. No dividend has been recommended. The company continues to operate in textile manufacturing and exporting. Board changes include appointment of two new Independent Directors (Sheetal Ganatra, Somnath Kumbhar) and resignation of two Independent Directors, all effective 20 November 2024. The notice also seeks shareholder approval to appoint M/s. Mayur More & Associates as Secretarial Auditor for 5 years (FY 2025-26 to FY 2029-30).
The filing shows a sharp improvement in profitability driven by cost optimisation, with PAT up ~88% year-on-year, though the absolute scale remains small. The Secretarial Audit flagged multiple SEBI LODR compliance delays during FY25 (late submission of financial results, shareholding pattern, and corporate governance reports), which is a minor governance red flag for shareholders to track. No dividend means shareholders rely solely on capital appreciation.