Annual Report for FY 2024-25
Awaiting price reaction for this filing.
Vadilal Dairy International has fixed its 38th AGM on Thursday, 25 September 2025 at 02:45 PM via video conferencing, along with the Annual Report for FY 2024-25. Shareholders will vote on routine items (adoption of FY25 financial statements, re-appointment of Director Mrs. Bela Gandhi by rotation) and special items including re-appointment of Mr. Shailesh Gandhi as Managing Director and Mr. Rahil Gandhi as Whole-Time Director for 5 years (Aug 2025 to Aug 2030), re-appointment of Independent Director Mr. Mahesh Kelkar for a second 5-year term, and appointment of S G & Associates as Secretarial Auditor for 5 years. E-voting runs from 22-24 September 2025, with record date of 18 September 2025. The company's financial performance continues to be weak: FY25 turnover rose to Rs. 26.63 crore from Rs. 25.02 crore in FY24, but the company posted a pre-tax loss of Rs. 1.04 crore (FY24 loss: Rs. 1.75 crore) and declared no dividend for the third year running. Managing Director Mr. Shailesh Gandhi holds 58.17% of the company and his proposed monthly salary is up to Rs. 4.50 lakh, while his son Mr. Rahil Gandhi would get up to Rs. 2 lakh per month.
Neutral to mildly negative for shareholders — the company is loss-making for a third straight year with no dividend, while promoter-led management seeks fresh 5-year terms and continued remuneration under the 'inadequacy of profits' clause. Investors should watch closely how the promoter family plans to turnaround profitability, but no immediate price catalyst is expected.