Annual Report 2024-25
Awaiting price reaction for this filing.
Sagar Diamonds Ltd, listed on the BSE SME platform, has filed its Annual Report for FY 2024-25. Revenue from operations stood at Rs. 0 lakhs for both FY25 and FY24, with the company reporting only Rs. 71.98 lakhs in other income (down from Rs. 107.55 lakhs). Net loss narrowed sharply to Rs. 177.76 lakhs from Rs. 7,635.74 lakhs in the previous year, and loss per share improved to Rs. (1.41) from Rs. (60.37). No dividend has been recommended, and no new shares were issued during the year. The 10th AGM is scheduled for September 30, 2025, which includes reappointment of Managing Director Vaibhav Dipak Shah, appointment of Samson Charles William as Director, and appointment of Manjula Poddar as Secretarial Auditor for five years. The company has no subsidiaries, no public deposits, no borrowings, and no related party transactions.
Zero operating revenue is a serious red flag for shareholders — the company is generating no income from its core diamond and jewellery business. While the massive narrowing of losses is encouraging, investors should monitor whether the company can restart its core operations, as current sustainability relies entirely on other income.