We hereby submitting the Annual report of the Company for Fy 2024-25
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Banas Finance Ltd has submitted its 42nd Annual Report for FY 2024-25 along with the AGM notice. The 42nd AGM is scheduled for 29th September 2025 at 2:00 PM via video conferencing. Key financials show standalone total revenue fell sharply to Rs. 4,348.27 lakhs from Rs. 7,364.40 lakhs in the previous year. The company swung from a profit of Rs. 3,363.26 lakhs to a loss before tax of Rs. (3,744.81) lakhs. The AGM notice seeks shareholder approval to increase authorized share capital from Rs. 103.30 crore to Rs. 203.30 crore and to approve material related party transactions of up to Rs. 200 crore with entities including Tilak Ventures, Handful Investrade, Agrawal Bullion and promoter group individuals.
Shareholders should note the significant revenue decline (~41%) and the swing to a sizeable loss, which is a major negative for the company. The proposed large increase in authorized share capital signals potential dilution, and the Rs. 200 crore related party transaction approval raises governance concerns that investors should watch closely.