Annual report for FY 2024-25
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Anand Rayons Limited has submitted its Annual Report for the financial year ended 31st March 2025. The 7th Annual General Meeting is scheduled for 4th September 2025 via video conferencing. Key business items include alteration of the Object Clause of the Memorandum of Association to diversify into chemicals export and packaging (aluminium foil and other packaging products). The company is also seeking shareholder approval for revision in remuneration of Managing Director Mr. Anand Bakshi (currently ₹2,00,000/month) and Whole Time Director Mrs. Shilpa Bakshi (₹1,50,000/month). A new Secretarial Auditor, Mr. Jitendrakumar Rewashankar Rawal, has been proposed for appointment for FY 2025-26 to FY 2029-30. The Chairman's message describes the year as one of 'remarkable growth, resilience, and transformation' despite textile industry challenges.
Shareholders should note the proposed diversification into chemicals and packaging businesses, which could expand the company's revenue base. The remuneration revision for the promoter-directors and the expansion of the company's object clause require shareholder approval at the upcoming AGM. Director Jigisha Chorawala (sister of the MD) is also being re-appointed by rotation.