Annual report for the year ended 31-03-2025
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The company filed its 90th Annual Report for FY24-25 under SEBI LODR Regulation 34. It reported a net loss of ₹9.89 lakhs for FY25, wider than the ₹8.05 lakh loss in FY24. Accumulated losses grew to ₹1.78 crore from ₹1.63 crore previously, prompting the Board to skip dividend. The company stated it is exploring diversification within its objects clause and noted no change in business, no subsidiaries, and no fixed deposits. The AGM is scheduled for September 30, 2025 via video conferencing, with agenda items including approval of audited accounts, appointment of a new secretarial auditor (Kulkarni Pore and Associates LLP), and regularization of four new Independent Directors and a Whole Time Director (Mr. Satyen Dalal, without remuneration) appointed on September 3, 2025.
The widening losses and growing accumulated deficit continue to weigh on shareholder value, with no near-term dividend in sight. Investors should note the board refresh, new secretarial auditor appointment, and the company's diversification plans as potential future catalysts, but financials remain weak with two consecutive years of losses.