Annual Report for the FY 2023-2024
Awaiting price reaction for this filing.
Poddar Housing and Development Ltd has filed its Annual Report for FY 2023-2024 with BSE and NSE. The 42nd Annual General Meeting is scheduled for June 30, 2025, via video conferencing. Key business items at the AGM include ratification of cost auditors' remuneration and reappointment of Mr. Rohitashwa Poddar as Managing Director for 3 years. The company reported a loss after tax of Rs. 4,656.50 lakhs on a standalone basis, with negative EPS of Rs. 73.73, and total income of Rs. 2,706.94 lakhs. Net worth stood at Rs. 11,745.39 lakhs. Several board changes occurred during the year, with new appointments including Mr. Richard Wilson as Chairman and Ms. Meenakshi Saini as Independent Woman Director, along with resignations of three directors.
Shareholders should note the company remains loss-making with a significant standalone loss of Rs. 4,656.50 lakhs in FY24, and the MD's remuneration is being approved under Schedule V provisions applicable when profits are inadequate or absent. The results suggest continued financial stress, though no going concern flag is explicitly mentioned in this excerpt.