Annual Report for FY 2024-25
Awaiting price reaction for this filing.
Geetanjali Credit and Capital Ltd (BSE Scrip: 539486) has submitted its Annual Report for FY 2024-25, reporting a loss of Rs. 3,44,161 against a profit of Rs. 8,130 in FY 2023-24. Total receipts for the year were NIL compared to Rs. 86,350 previously, and no dividend has been recommended. The 35th AGM is scheduled for September 29, 2025, with key agenda items including the reappointment of Mr. Ashok Kumar Mathur as Director, appointment of M/s. Dharti Patel & Associates as Secretarial Auditor for 5 years (FY 2025-26 to FY 2029-30), and reappointment of Mr. Vitthal Kumar Jajoo as Managing Director for 5 years at a salary of Rs. 15,000/month. The Secretarial Auditor flagged two compliance issues: non-payment of annual listing fees to BSE and non-compliant board composition under the Act and LODR, which the Board has stated will be remedied shortly.
Weak operational performance with a swing to loss and zero revenue signals ongoing business challenges for this small-cap company. Compliance lapses on listing fees and board composition are concerns for shareholders, though management has committed to fixing them. Existing shareholders receive no dividend, and the very modest MD salary suggests minimal scale of operations.