Annual Report for the FY 2024-25, as per the attachment
Awaiting price reaction for this filing.
Ganesh Holdings Ltd, an RBI-registered Base Layer NBFC, has submitted its Annual Report for FY 2024-25 to BSE. Total revenue fell sharply to Rs. 8.86 lacs from Rs. 13.62 lacs in the previous year, while the loss after tax widened to Rs. 30.08 lacs (vs Rs. 4.03 lacs loss in FY23-24), mainly because of expenses related to its Rights Issue. During the year, the company raised Rs. 486 lacs by issuing 4,86,000 equity shares at Rs. 100 each (Rs. 10 face value + Rs. 90 premium) in a 6:5 ratio, taking paid-up capital to Rs. 89.10 lacs and other equity to Rs. 574.90 lacs. The board has skipped dividend to strengthen finances. The 43rd AGM is set for 30 September 2025 and will also seek shareholder approval to appoint a new secretarial auditor for five years.
The deeper loss and falling revenue are negative signals for shareholders, but the fresh capital from the Rights Issue gives the company more room to invest and grow its loan/investment book. No dividend for the year means investors won't earn any payout from the stock right now.