Annual Report for the year ended 31.03.2025
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Aastamangalam Finance Ltd (formerly Upasana Finance), an RBI-registered non-deposit taking NBFC, filed its 40th Annual Report for FY2024-25. Total income more than doubled to Rs. 1,549.62 lakhs from Rs. 703.04 lakhs in FY24, while profit after tax surged to Rs. 827.67 lakhs from Rs. 360.19 lakhs. The company raised Rs. 28.16 crores via a rights issue (66.27 lakh shares at Rs. 32.50 premium) in January 2025, fully utilised for working capital. No dividend was declared as profits are being ploughed back, and Rs. 165.53 lakhs was transferred to the Statutory Reserve under Section 45 IC of the RBI Act. The 40th AGM is scheduled for 26 September 2025 via video conferencing.
Strong financial performance with over 100% growth in both revenue and profit reflects robust business momentum and improved earnings power. Shareholders should note the proposed related-party loan of up to Rs. 100 crores per annum from director Bhavika M Jain, which is being placed for member approval as a cautionary measure despite being within arm's length terms.