We hereby submitting the Annual Report along with the Notice of AGM of the shareholders to be held on 29th September, 2025
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Banas Finance Limited has submitted its 42nd Annual Report and AGM notice for FY 2024-25. The 42nd AGM is scheduled for Monday, 29th September 2025 at 2:00 PM, to be held via video conference. Key business items include adoption of standalone and consolidated financial statements, re-appointment of Mrs. Tanu Girraj Agrawal as director, appointment of Mr. Mayank Borana as Non-Executive Non-Independent Director for 5 years, and appointment of M/s HRU & Associates as Secretarial Auditor for 5 years. The company is also seeking shareholder approval to double its authorised share capital from Rs. 103.30 crore to Rs. 203.30 crore and to enter into material related party transactions of up to Rs. 200 crore. Financial highlights from the director's letter show a sharp deterioration: standalone revenue fell to Rs. 4,348.27 lakh from Rs. 7,364.40 lakh in the previous year, and the company swung from a profit before tax of Rs. 3,363.26 lakh to a loss before tax of Rs. 3,744.81 lakh. There was also a CFO change during the year, with Mr. Amit Mehta replacing Mrs. Babita S Mehta effective 10th May 2024.
Shareholders should note the steep revenue decline and the swing from profit to a substantial loss in FY25, which is a negative signal for the stock. The proposals to double authorised capital and approve Rs. 200 crore in related party transactions could lead to future dilution or raise governance concerns, so investors should review these items carefully before voting.