Annual Report for FY 2024-25
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Awaiting price reaction for this filing.
Baroda Rayon Corporation has filed its Annual Report for FY 2024-25 along with the Notice for its 65th AGM, scheduled for September 27, 2025 in Surat. Key financials disclosed show total income of Rs 102.73 crore (revenue Rs 99.60 crore plus other income Rs 3.13 crore) and profit after tax of Rs 40.35 crore, though this includes a sizeable exceptional/extraordinary item of Rs 11.32 crore. The company's textile operations have been completely shut down since August 2008, with current business activity limited to the real estate segment. Key agenda items include re-appointment of Mr. Damodarbhai Patel as Managing Director and Mr. Viral Bhavani as Whole Time Director for 3 years each, appointment of a new Secretarial Auditor for 5 years, and approval for investments/loans/guarantees up to Rs 1,000 crore.
The headline PAT of Rs 40.35 crore looks strong, but investors should note the Rs 11.32 crore exceptional item, the long-dormant textile business, and heavy dependence on real estate. The proposed raise in MD remuneration from Rs 5 lakh to Rs 7.5 lakh per month and the Rs 1,000 crore investment/borrowing limit are matters shareholders should watch closely at the AGM.