Annual Report for FY 2024-25
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Add-Shop E-Retail has submitted its Annual Report for FY 2024-25 along with the notice of its 12th Annual General Meeting, to be held on 24th September 2025 via video conferencing. The AGM will consider adoption of audited financial statements, re-appointment of director Ms. Maharshi Jigar Pandya (retiring by rotation), appointment of M/s. Jay Pandya & Associates as Secretarial Auditors for five years (FY 2025-26 to FY 2029-30), and approval of material related party transactions. The company reported a turnover of Rs. 15,512.95 lakhs (about Rs. 155 crore) for FY 2024-25. Two major related party resolutions are on the agenda covering sale/purchase of goods and loans/advances up to Rs. 250 crore each with M/s. Dada Organics Limited and M/s. Dadaji Lifescience Private Limited.
Shareholders should pay close attention to the material related party transactions being approved, as each is capped at Rs. 250 crore — far exceeding the company's annual turnover of around Rs. 155 crore. While management states these are at arm's length, such large related party exposures warrant scrutiny before voting.