Notice of 46th AGM and Annual Report for FY 2024-25 - enclosed.
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Awaiting price reaction for this filing.
Artson Ltd (a Tata Projects subsidiary, formerly Artson Engineering) has sent out the notice for its 46th Annual General Meeting on 1st September 2025 at 3:30 PM via video conferencing, along with the Annual Report for FY 2024-25. Key AGM business includes adoption of audited financials, re-appointment of Director Vinayak Pai, ratification of cost auditors' remuneration of Rs. 1.25 lakh, appointment of MKS & Associates as Secretarial Auditors for five years (FY26–FY30), and approval for related party transactions with Tata Projects Limited of up to Rs. 320 crore. The Annual Report highlights a record order backlog of about Rs. 287–290 crore, revenue decline of 11.3%, profit before tax of Rs. 4.8 crore (up 108.25% aided by a one-time gain from sale of Nagpur Undertaking to TPL), and profit after tax of Rs. 3.48 crore. The company rebranded as a Tata Enterprise after signing the BEBP agreement, operationalized a new 8-acre Parli manufacturing facility (600 MT/month capacity, targeting 1000 MT), secured its first direct shipbuilding order (a Floating Dry Dock), and was recognized by ISRO for its work on the Vikram Sarabhai trisonic wind tunnel facility. New CFO Manoj Shah joined on 7th April 2025 and the company migrated from Tally to SAP.
Routine AGM filing with no immediate share-price catalyst, but the annual report signals continued turnaround momentum — record backlog, second straight year of profitability, and Tata brand leverage — alongside a sizable Rs. 320 crore related-party transaction with parent Tata Projects that shareholders will be asked to approve. Book closure runs 26th August to 1st September 2025, so investors must hold shares by 25th August to be eligible to vote.