Annual Report for the Financial Year 2024-25 the same is dispatch to the members today.
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Anka India Ltd has submitted its 31st Annual Report for FY 2024-25 to BSE and dispatched it electronically to shareholders. The filing also corrects earlier typos, confirming the AGM will be held on 30th September 2025 (not 2024) via video conferencing, with book closure from 23rd to 30th September 2025. Key financials: Total income rose modestly to Rs. 6,391 thousand (vs Rs. 5,734 thousand last year), but profit after tax nearly halved to Rs. 2,323 thousand (vs Rs. 4,200 thousand), and the company recorded zero revenue from operations. The board also highlighted the acquisition of Futech Internet Private Limited as a wholly owned subsidiary via a share swap (3.61 crore equity shares at Rs. 17 each), with plans to merge it. Post year-end, the company shifted its main business objects from media and entertainment to IT and advertising. The statutory auditor flagged three qualifications: idle inventory of Rs. 22.5 lakh, intangible assets under development of Rs. 6.99 crore without impairment assessment, and Rs. 35.38 lakh MAT credit recognized as an asset.
Short-term impact is negative — profits fell sharply despite higher income, expenses doubled, and the auditor raised qualifications on asset valuations. However, the Futech Internet acquisition and pivot toward IT/advertising could reshape the business, making this a pivotal but uncertain transition for shareholders.