Annual Report for F.Y. 2024-25
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Ahmedabad Steelcraft Ltd has filed the Notice of its 53rd Annual General Meeting along with the Integrated Annual Report for FY 2024-25. The AGM is scheduled for Monday, September 29, 2025 at 4:00 PM via video conferencing. The Register of Members will remain closed from September 23 to September 29, 2025, and remote e-voting will run from September 26 to September 28, 2025 (cut-off date September 22, 2025). Importantly, the Board has decided NOT to recommend any dividend for FY 2024-25, citing a lack of profitability and the need to conserve reserves. The AGM agenda includes adoption of financial statements, appointment of a new Secretarial Auditor (M/s SJV & Associates for 5 years), approval of Material Related Party Transactions with ABI Energy Solutions Limited, and a significant board restructuring where Mr. Sunil Dutt Pandey will become Managing Director (Executive), Mr. Rohit Pandey will move from Managing Director to Chairman (Non-Executive), Mrs. Preeti Punia will shift from Non-Executive to Executive Director, and two new Independent Directors (Mr. Atul Gupta and Mr. Raj Kumar) will be appointed for 5-year terms.
Shareholders should note: (1) No dividend this year due to reported lack of profitability — a negative signal for income-seeking investors; (2) Major leadership reshuffle among the Pandey family members and addition of new Independent Directors will alter board composition and governance dynamics; (3) Material Related Party Transactions with ABI Energy Solutions Limited require shareholder approval and warrant careful review before voting.