7th AGM Notice along with the Annual Report 2024-25
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AJC Jewel Manufacturers Ltd has filed its 7th AGM notice and Annual Report for FY 2024-25 with BSE, with the AGM scheduled for September 27, 2025 via video conferencing. For FY25, the company posted revenue of Rs. 220.46 crore (down 10.34% from Rs. 245.89 crore) and net profit of Rs. 2.86 crore (down 8.16% from Rs. 3.12 crore). Five resolutions will be tabled, including re-appointment of Director Fathima Jasna Kottekattu, appointment of Gopimohan Satheesan & Associates LLP as secretarial auditor for five years (remuneration Rs. 1 lakh), approval of related party transactions up to Rs. 100 crore for FY26, and an increase in borrowing limits to Rs. 60 crore (current outstanding borrowings Rs. 2.61 crore). The company, recently listed on the BSE SME platform on July 1, 2025 after converting from private to public, has declared no dividend and plans to plough back profits. Foreign exchange earnings were Rs. 33.72 crore during the year.
The year-on-year dip in both revenue and net profit is mildly negative for sentiment, but the company is in growth mode post its BSE SME listing and is seeking higher borrowing and related-party transaction limits, signalling expansion plans. Shareholders should watch how the increased leverage and related-party exposure translate into future revenue growth, as no dividend will be paid in the meantime.