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 has filed its Annual Report for FY 2024-25 and the notice for its 43rd AGM, scheduled for Tuesday, September 30, 2025 at 9:00 a.m. via video conferencing, with the e-voting cut-off date set for September 23, 2025. The company reported a notable decline in performance: standalone turnover fell to Rs. 537.03 lakhs (from Rs. 726.89 lakhs), net profit dropped to Rs. 310.89 lakhs (from Rs. 453.32 lakhs), and return on net worth halved to 4.02% from 8.16%. A major development is the existing promoters signing a share purchase agreement to sell their entire 74.27% stake and management control to a group of acquirers (Rajat Goyal, Neha Agarwal, Sandeep Mittal, Ruchi Mittal and related HUFs), with an open offer announced on May 20, 2025 that is currently in process. The company paid a dividend of Rs. 134.96 lakhs (same as last year) and is exploring diversification into woven garments manufacturing and real estate. Board changes included the exit of Independent Director Dr. Kusum Chopra (tenure ended March 31, 2025) and the appointment of Ms. Apra Sharma as Independent Director.
For shareholders, this filing combines weak FY 2024-25 results with an ongoing change-of-control transaction — the open offer and 74.27% promoter stake sale are likely to dominate the stock's near-term direction more than the company's operating performance. Existing minority investors should monitor the open offer terms closely as the takeover progresses.