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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Apoorva Leasing Finance & Investment Company filed its 42nd Annual Report for FY 2024-25, with the 42nd AGM scheduled for September 30, 2025. Standalone revenue fell sharply to Rs. 118.53 lakhs from Rs. 368.22 lakhs in FY23-24, while net profit dropped to Rs. 34.37 lakhs from Rs. 194.50 lakhs. The directors have not recommended any dividend, citing retention of earnings for future projects; reserves stood at Rs. 12,497.67 lakhs. Key AGM agenda items include approval to borrow up to Rs. 250 crores (with creation of mortgage/charge on company assets), re-appointment of Mr. Antriksh Singh (retiring by rotation), re-appointment of Mr. Akhil Kumar Upadhyay as Independent Director for a second 5-year term, and appointment of M/s SPR & Co. as Secretarial Auditors for 5 years (till the 47th AGM in 2030). The Company Secretary also resigned effective December 9, 2024.
The steep drop in revenue and profit is a negative signal for shareholders and may weigh on the stock. The Rs. 250 crore borrowing proposal indicates plans for business expansion or refinancing but also signals a significant increase in potential leverage.