Annual Report for the year ended 31st March 2025 and Notice of the 46th Annual General Meeting.
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Awaiting price reaction for this filing.
Advance Multitech Ltd has filed its 46th Annual Report for FY 2024-25 along with the notice for its 46th Annual General Meeting, scheduled for Tuesday, 30th September 2025 at 4:00 PM at the company's factory at Plot No. 167, Pirana Road, Piplej, Ahmedabad. The company swung back to profitability — total revenue rose to Rs. 999.84 lacs from Rs. 789.11 lacs in FY24, while net profit after tax came in at Rs. 35.51 lacs compared to a loss of Rs. 682.41 lacs the previous year. Profit before interest, depreciation and tax stood at Rs. 66.39 lacs versus a loss of Rs. 636.53 lacs in FY24, with closing reserves and surplus at Rs. 591.89 lacs. The Board has not recommended any dividend for the year. Several board changes occurred during the year (three independent directors and one non-executive director resigned effective 13 August 2024, with two new independent directors appointed in their place), and shareholders will vote on items including the appointment of M/s Patawari & Associates as Secretarial Auditor for a five-year term (FY 2025-26 to FY 2029-30) and the re-appointment of Mr. Himanshubhai Surendrabhai Shukla, who retires by rotation.
This is a procedural annual filing — the main shareholder takeaways are the return to a small net profit of Rs. 35.51 lacs after a Rs. 682.41 lacs loss last year and the no-dividend decision. The AGM items (auditor appointment and director re-appointment) are routine and unlikely to materially move the stock.