In compliance with Regulation 34(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Annual Report of Anand Projects Limited for the ....
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Anand Projects Limited has submitted its 90th Annual Report for the financial year ended March 31, 2025, along with the notice for its 90th Annual General Meeting scheduled for September 18, 2025, in Lalitpur, Uttar Pradesh. The company reported a sharp drop in total income to ₹319.42 lakh in FY25 from ₹4,514.20 lakh in FY24, while net loss narrowed to ₹946.91 lakh from ₹2,975.11 lakh in the previous year. No dividend has been recommended due to continued losses. The AGM will seek shareholders' approval for material related party transactions of up to ₹1,500 crore with associate company Ojas Industries Private Limited, the re-appointment of Whole Time Director & CFO Rajesh Kumar Sharma, and the appointment of Amit Kansal as Secretarial Auditor for a five-year term from April 2025 to March 2030. The company highlighted its ongoing Engineering, Procurement, and Construction (EPC) services work at the 1980 MW Super Critical Thermal Power Project in Lalitpur as its key business activity.
For shareholders, the filing confirms another year of losses with no dividend, although losses have narrowed significantly. The large ₹1,500 crore related party transaction approval with Ojas Industries is notable and will require shareholder nod, with related parties barred from voting on it. The disclosure is largely procedural for AGM compliance, with no immediate positive or negative catalyst for the stock expected from the submission itself.