Annual Report of the Company for the Financial Year 2024-25 along with the Notice of 42nd Annual General Meeting to be held on Thursday , 25th September, 2025 at 02:00 p.m. through Video ....
Awaiting price reaction for this filing.
Shivamshree Businesses Limited has submitted its Annual Report for FY 2024-25 along with the notice of its 42nd AGM, scheduled for Thursday, 25th September 2025 at 2:00 PM via video conferencing. Total revenue fell sharply to Rs. 413.73 lakhs from Rs. 1,170.83 lakhs in the previous year, and the company reported a loss after tax of Rs. 74.57 lakhs against a marginal Rs. 1.05 lakh loss last year. The board has not recommended any dividend citing the loss, and reserves have turned negative at Rs. 91.03 lakhs. During the year, the company raised Rs. 4.5 crore through a preferential allotment of 3 crore equity shares at Rs. 1.50 each, increasing paid-up capital to 7.56 crore shares and authorised capital to Rs. 9 crore. The company is also seeking shareholder approval to appoint M/s Ishit Vyas & Co. as Secretarial Auditor for a five-year term, and to re-appoint Mrs Arunaben Bavishiya as Non-Executive Director.
Sharp revenue decline, widened losses, and negative reserves signal weak financial health and may weigh on the stock. However, the Rs. 4.5 crore fund raise via preferential allotment and addition of a new business object suggest efforts to revive growth, which shareholders should track at the AGM on 25 September.