ANNUAL REPORT FOR THE FINANCIAL YEAR 2024-2025
Awaiting price reaction for this filing.
Crysdale Industries (formerly Relson India) filed its 39th Annual Report for FY 2024-25. The company reported standalone revenue from operations of just ₹4.30 lakh — its first operational revenue (FY24 had none) — alongside ₹0.26 lakh of other income. Total expenses were ₹23.65 lakh, leading to a net loss of ₹19.09 lakh, wider than the ₹10.22 lakh loss in FY24. The company did not recommend any dividend. Trading in its shares remains suspended on BSE, though the company has applied for revocation. Key AGM proposals include raising the borrowing limit to ₹100 crore, allowing investments/loans up to ₹100 crore, authorising sale or mortgage of undertakings up to ₹100 crore, and approving related-party transactions with subsidiary Wergreen Industries up to ₹100 crore (about 23,278% of consolidated turnover). A new secretarial auditor, M/s Nitesh Chaudhary & Associates, is proposed for a five-year term.
Small-cap shareholders should note the widening losses, suspended BSE trading, and the significant proposed expansion of borrowing, investment, and related-party transaction limits (each up to ₹100 crore) — these resolutions could materially alter the company's financial and governance profile if approved on September 30, 2025.