Atlas Cycles (Haryana) Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 11, 2025
ATLASCYCLE · price
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Atlas Cycles (Haryana) Limited has notified the exchanges that its 74th Annual General Meeting will be held on Monday, August 11, 2025, at 4:00 p.m. at Hotel Sagar, Sonepat, Haryana. Remote e-voting will be open from August 7 (9:00 a.m.) to August 10 (5:00 p.m.), 2025. The AGM notice and full annual report have been emailed to shareholders and are also available on the company's website at www.atlasbicycles.com. The annual report highlights a strong revival: revenue from operations jumped to Rs 1,714 lakhs in FY25 from Rs 636 lakhs in FY24, while net profit surged to Rs 951 lakhs from Rs 54 lakhs. Bicycle production rose to 29,456 units from 19,604 units. The company has not declared any dividend and reported no exports for the year.
For shareholders, the FY25 results show a sharp turnaround, with profits growing roughly 17 times year-on-year, signaling the company is recovering after years of trouble. Importantly, NSE and BSE lifted the trading suspension on Atlas Cycles shares with effect from December 27, 2024, meaning the stock is now actively tradable again. However, no dividend has been declared, and an insolvency-related application (Carry Packer, Rs 1.48 crore) remains pending at NCLT Chandigarh, so investors should weigh the revival story against ongoing risks and very thin operations (just 14 permanent employees).