45th Annual Report of the Company
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Ace Men Engg Works Ltd has filed its 45th Annual Report for FY 2024-2025 with BSE, along with the AGM notice. The 45th AGM is scheduled for Tuesday, September 30, 2025 at 5:00 PM via Video Conferencing. Three items are on the agenda: (1) adoption of the audited financial statements for the year ended March 31, 2025, (2) re-appointment of Managing Director Mr. Ruchir Patel who retires by rotation, and (3) appointment of M/s. Pratik Bangade & Associates as Secretarial Auditors for a 5-year term (FY 2025-26 to FY 2029-30) at a proposed remuneration of Rs. 1,00,000 per year excluding taxes. The report also notes board changes: Ms. Mishruta Engineer resigned and two new independent directors (Mr. Sourabh Gaikwad and Ms. Dakshaben Prajapati) were appointed on August 14, 2025. Remote e-voting will be open from September 27 to September 29, 2025.
The Management Discussion and Analysis section flags a concern: the company was unable to generate any revenue during the year, resulting in an increased net loss. This is a negative operational signal for shareholders. The other agenda items — director re-appointment and secretarial auditor appointment — are routine compliance matters with no material financial impact.