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Ardi Investment and Trading Co Ltd (BSE: 504370) submitted its 44th Annual Report for FY 2024-25 and announced its AGM on September 26, 2025 at 11:00 AM at its Ahmedabad registered office. Income surged dramatically to Rs. 1,927.71 lakhs from Rs. 57.74 lakhs in the previous year, but expenses also jumped to Rs. 1,922.91 lakhs (from Rs. 33.26 lakhs), causing net profit to fall sharply to Rs. 6.46 lakhs from Rs. 18.32 lakhs. The board has proposed no dividend for the year. The company also amended its Memorandum of Association at an EGM on March 28, 2025, changing certain object clauses of the business. The board met 11 times during the year, and several director changes occurred including new executive and independent director appointments, with three new directors (Karan Purani, Dhaval Vaghela, Nidhi Prajapat) being regularized at the upcoming AGM. M/s. Dharti Patel & Associates is proposed as Secretarial Auditor for a five-year term.
Despite the sharp 33x revenue growth, the steep rise in expenses resulted in a ~65% drop in net profit, suggesting thin margins on the new business activity. The change in business objects and new director appointments signal a strategic shift, but shareholders should watch whether the higher revenue translates into sustainable profitability. No dividend means no immediate income return for investors.