Annual Report 2024-25
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Adinath Textiles has submitted its 45th Annual Report for the financial year ended March 31, 2025. The company has no operational revenue — its vacant factory buildings are leased out for warehousing, with lease income booked as 'Other Income'. Other Income fell to ₹136.10 lakhs from ₹189.42 lakhs in FY24, a decline of about 28%. Profit before tax collapsed from ₹63.43 lakhs to ₹11.99 lakhs, and Profit after Tax dropped sharply from ₹47.63 lakhs to just ₹9.01 lakhs (~81% fall). No dividend has been recommended due to inadequate profits. The Board is seeking shareholder approval to re-appoint Mr. Vishal Oswal as Vice-Chairman & Managing Director for five years (without remuneration) and to appoint M/s P.S. Bathla & Associates as Secretarial Auditors for FY26–FY30. The statutory auditors' report carries no qualifications and no going concern issues were flagged.
The company is essentially dormant, relying only on lease income from its factory premises, and profits have shrunk to negligible levels. With no dividend and a sharp earnings decline, the stock may continue to face weak sentiment, though absence of any auditor qualifications removes immediate red flags.