Please find herewith Annual Report of the company for the Financial Year 2024-2025.
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Abhishek Finlease Ltd has submitted its Annual Report for FY 2024-25 along with the notice for its 30th Annual General Meeting to be held on 30th September 2025 at 10:30 AM at its registered office in Ahmedabad. For FY24-25, total income fell sharply to Rs 12.35 lakh from Rs 24.28 lakh in the previous year, and profit after tax declined to Rs 10.97 lakh from Rs 21.29 lakh. The Board has not recommended any dividend for the year. Key items to be considered at the AGM include the re-appointment of Mrs. Vasantbala M. Shah as a director, appointment of a new statutory auditor in place of the previous firm (which underwent a demerger), appointment of M/s. Mehul Raval & Associates as Secretarial Auditor for five years from FY25-26, and re-appointment of Mr. Mahendrabhai M. Shah as Managing Director for five years from 1st April 2025 with an increased salary of Rs 4.20 lakh per annum. The company also made a preferential allotment of equity shares during the year to comply with RBI norms.
The annual report shows a roughly 50% year-on-year decline in both income and profits, which is a negative signal for shareholders. The re-appointment of the promoter Managing Director and the hike in his salary may draw attention, though the overall scale of the company remains very small. No dividend means no income for shareholders this year.