Pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the 39th Annual Report of the Company for the ....
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Awaiting price reaction for this filing.
Ashirwad Steels & Industries Ltd has notified that its 39th Annual General Meeting (AGM) will be held on Thursday, 10th July 2025 at 12:30 PM via video conferencing. The Register of Members and Share Transfer Books will be closed from 4th July to 10th July 2025, with the e-voting cut-off date set for 3rd July 2025 and remote e-voting open from 7th to 9th July 2025 through CDSL. The 39th Annual Report for FY 2024-25 was dispatched electronically on 3rd June 2025. Key financial highlights include total income of Rs. 429.94 lakhs (down from Rs. 439.94 lakhs), net profit after tax of Rs. 229.66 lakhs (up from Rs. 225.51 lakhs), and no dividend recommended to conserve resources. The company remains focused on investments and lending, with investments of Rs. 36.22 crores (fair value) and loans of Rs. 9.60 crores outstanding, while its LPG bottling plant at Raigarh continues to be non-operational. Resolutions include adoption of financials, re-appointment of Mrs. Sushma Chhibbar (rotational), appointment of secretarial auditor M/s. RSG & Associates for five years, and re-appointment of Mr. Baninder Singh Sahni as Independent Director for a second five-year term.
Routine AGM intimation with no material surprises - profitability is marginally up but revenue dipped, no dividend continues, and the company remains in investment/lending mode with its core LPG bottling plant still non-operational. Shareholders should review the director re-appointments and the secretarial auditor appointment, but no major price-moving catalysts are evident from this filing.