Annual Report for the FY ended 31.03.2025
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AJC Jewel Manufacturers Ltd submitted its Annual Report for FY 2024-25 along with the notice for the 7th Annual General Meeting scheduled for September 27, 2025, to be held via video conferencing. The company reported revenue of Rs 220.46 crore, down about 10.34% from Rs 245.89 crore in the previous year, while net profit slipped 8.16% to Rs 2.86 crore from Rs 3.12 crore. The Kerala-based firm manufactures wholesale gold jewellery in 22K and 18K for dealers, showrooms, and small retailers, and recently got listed on BSE's SME platform in July 2025 after converting from a private to a public company. Key resolutions at the AGM include the appointment of a new secretarial auditor for five years, approval of related-party transactions up to Rs 100 crore, and raising the borrowing limit to Rs 60 crore (versus current outstanding borrowings of about Rs 2.62 crore). No dividend has been recommended, with profits to be ploughed back into the business.
Shareholders should note the modest decline in both revenue and profit, though the new BSE listing and a proposed jump in the borrowing limit from Rs 2.62 crore to Rs 60 crore hint at expansion plans. The decision to skip dividends means retail investors won't get cash returns this year, but funds are being retained for growth.