Anuual Report for the Financial year ended on March 31, 2025
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Binayak Tex Processors Ltd has submitted its 42nd Annual Report for the financial year ended March 31, 2025, with the 42nd AGM scheduled for September 29, 2025 via video conferencing. Total revenue rose to Rs. 22,292.10 lacs from Rs. 21,142.10 lacs in the previous year, a modest growth of about 5.4%. However, profit after tax fell sharply to Rs. 278.13 lacs from Rs. 555.65 lacs, nearly a 50% drop, and EPS slipped from Rs. 78.12 to Rs. 39.10. The Board has not recommended any dividend, citing the need to conserve resources for future business needs. Foreign exchange earnings from exports grew to Rs. 8,902.36 lacs from Rs. 8,391.78 lacs. Three special resolutions are on the AGM agenda, including raising the borrowing limit to Rs. 300 crore and authorising loans, guarantees and investments up to Rs. 500 crore. The statutory auditors made no qualifications but drew attention to non-compliance with Section 203 of the Companies Act (KMP appointment), and the secretarial auditor flagged related compliance gaps.
Shareholders should note the steep fall in profit despite revenue growth, the skipped dividend, and the company's push to significantly expand its borrowing and investment limits, which signals appetite for higher leverage and possible expansion. Minor governance flags from auditors on KMP compliance are worth monitoring but are not severe.