as per the attached Document
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Awaiting price reaction for this filing.
The company filed its 41st Annual Report for FY 2024-25 along with the AGM notice (meeting scheduled for 30th September 2025). Total revenue jumped sharply from Rs. 39.40 lakhs in FY24 to Rs. 5,824.32 lakhs in FY25. The company turned around from a Rs. 2.19 lakh loss to a profit before tax of Rs. 265.89 lakhs, with profit for the year reported at Rs. 188.29 lakhs (Earnings per share at Rs. 1.57 versus Rs. (0.88) earlier). The revenue surge follows the company's acquisition of a 64.66% stake in Banganga Paper Mills Limited on 29th June 2024, making it a subsidiary and a holding company. The board underwent multiple changes during the year, with new Managing Director, Whole-time Director, CFO, and Independent Directors being appointed. No dividend was recommended for the year.
The dramatic revenue growth and return to profitability are positive signals for shareholders, but the jump appears largely driven by the newly acquired subsidiary rather than organic growth, so investors should assess the sustainability of these numbers. Note: there is an internal inconsistency in the report — the financial table shows a Rs. 188.29 lakh profit while the directors' discussion mentions a net loss of Rs. 15.58 lakhs after tax, which warrants clarification.