As per Regulation 34(1) of SEBI(Listing obligations and disclosure Requirements), Regulations 2015 (The Listing Regulations) Please find enclosed Annual Report 2024-25 for your reference and record.
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Addi Industries Limited submitted its 43rd Annual Report for FY 2024-25 along with the AGM notice to BSE. The 43rd AGM will be held on September 30, 2025 via video conferencing, with e-voting cut-off date set as September 23, 2025. Standalone total income fell to Rs. 537.03 Lakhs from Rs. 726.89 Lakhs, while net profit dropped to Rs. 310.89 Lakhs from Rs. 453.32 Lakhs. A dividend of Rs. 134.96 Lakhs was paid during the year. The company is exploring diversification into woven garments and real estate to improve prospects. Crucially, the existing promoters have entered into a Share Purchase Agreement to sell their entire 74.27% stake and management control to acquirers (Rajat Goyal, Neha Agarwal, Rajat Goyal HUF, Sandeep Mittal, Ruchi Mittal, Sandeep Mittal & Sons HUF), with an Open Offer announced on May 20, 2025 currently under process. Director changes include appointment of Ms. Apra Sharma as Independent Director and end of tenure for Dr. Kusum Chopra.
Shareholders should note the impending change of control via the ongoing Open Offer, which could materially affect shareholding structure and future direction of the company. The sharp decline in revenue and profitability (around 26% drop in income and 31% drop in standalone profit) signals weakening operations, though dividend payment continues. Investors holding shares should verify their eligibility and participate in the Open Offer if interested.