Annual Report of the Company for the financial year 2024-25.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Asutosh Enterprises Limited, a Core Investment Company (CIC) based in Kolkata, filed its 44th Annual Report for FY 2024-25 along with the AGM notice. Total income fell sharply to Rs. 391.74 lakhs from Rs. 763.22 lakhs in the previous year, a decline of nearly 49%. Net Profit after Tax also dropped to Rs. 312.59 lakhs from Rs. 529.15 lakhs, down about 41%. The Board has not recommended any dividend, opting to reinvest profits for stronger financial health. The statutory auditor (S. Ghose & Co. LLP) issued an unqualified opinion with no Key Audit Matters. Board saw changes with Mr. B.K. Mawandia joining as Independent Director and Mr. G.K. Agarwal resigning in August 2024.
Shareholders should note the steep drop in both revenue and profits, though the company remains profitable and is a CIC holding investments rather than running active operations. No dividend means shareholders rely entirely on capital appreciation. The clean audit report and stable board structure are positives, but the sharp revenue decline is a concern worth tracking.