Annual Report for the FY 2024-25 along with Notice of the 74th Annual General Meeting of the Company.
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Automobile Products of India Ltd has submitted its 74th Annual Report for FY 2024-25 and the AGM notice. The 74th AGM is scheduled for Thursday, 25th September 2025 at 01:30 PM via video conferencing. Financially, the company's loss widened sharply — loss before tax rose to Rs. 190.31 lakhs from Rs. 124.63 lakhs, while loss after tax climbed to Rs. 189.95 lakhs from Rs. 123.62 lakhs in the previous year. Total income inched up slightly to Rs. 84.15 lakhs from Rs. 77.80 lakhs, but expenditure jumped to Rs. 274.46 lakhs from Rs. 202.43 lakhs. The company's net worth is fully eroded, and it is dependent on its holding company Kiyana Real Estate Private Limited for financial support to continue as a going concern. No dividend has been recommended due to losses, and the company continues to operate only in the 'Management Services' segment with very limited operations.
Shareholders should note the deepening losses, fully eroded net worth, and dependence on the holding company for survival — these are serious red flags. The AGM is routine but the financial position is weak, with no near-term turnaround visibility.