Dear Team, Pursuant to provisions of Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, enclosed please find herewith Notice convening ....
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Awaiting price reaction for this filing.
Autoriders International Ltd has filed the notice for its 40th Annual General Meeting, scheduled for Monday, 29th September 2025 at 11:00 a.m. via Video Conferencing, along with the Annual Report for FY 2024-25. For the year, the company reported revenue of ₹8,707.31 lakhs (up 4.39% from ₹8,340.81 lakhs in FY24), but profit declined to ₹838.70 lakhs from ₹944.18 lakhs. EPS dropped to ₹144.57 from ₹192.63. The Board has recommended a final dividend of 10% (₹1 per equity share of ₹10 face value). Shareholders will also vote on re-appointing Mr. Pranav Salil Kapur as Director, appointing M/s Vandana V Dodhia & Co as Statutory Auditors for three years (proposed fee ₹1,25,000), and appointing Mrs. Shilpa Shah as Secretarial Auditor for five years (FY26 to FY30). The company also issued 90,000 equity shares via preferential allotment at a ₹890.10 premium and has started adding Electric Vehicles to its fleet.
Revenue growth of 4.39% is positive but the year-on-year drop in profit and EPS signals margin pressure, which could concern shareholders. The 10% dividend provides some income support. The AGM items are largely routine (auditor re-appointments, director rotation) and unlikely to materially move the stock.