41ST ANNUAL REPORT FOR THE YEAR 2024-25 ATTACHED SEPARATELY
Awaiting price reaction for this filing.
Niwas Spinning Mills has submitted its 41st Annual Report for FY 2024-25, along with the notice for its AGM scheduled for September 30, 2025. Sales for the year stood at Rs. Nil, compared to Rs. 71.12 Lacs in FY 2023-24, as the company reported zero revenue from operations amid weak demand and market conditions. Total income came in at Rs. 20.36 Lacs (vs Rs. 86.35 Lacs earlier), mostly from other income. Despite the revenue collapse, the company turned profitable with a PAT of Rs. 2.47 Lacs versus a loss of Rs. 0.90 Lacs in the previous year, helped by lower depreciation and financial costs. No dividend was declared due to accumulated losses. The report also seeks shareholder approval for re-appointment of Mr. Vijay R. Jaju as Managing Director for another 3 years and appointment of M/s M K Saraswat & Associates LLP as Secretarial Auditors for FY 2025-26 to 2029-30.
Zero sales is a serious red flag for shareholders — the company's core textile operations appear to have halted, though cost control has helped it squeak into a small profit. With accumulated losses, no dividend, and dependence on other income, investors should watch closely for signs of operational revival before taking comfort in the headline profit.