Please find the attachment for the 34 Annual Report of the Company
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The company has filed its 34th Annual Report for FY 2024-25 along with the notice for its 34th Annual General Meeting, to be held on 30th September 2025 via video conferencing. Shareholders will vote on adopting the FY25 financials, re-appointing a director, and appointing M/s. Maheshwari & Co. as new statutory auditors and M/s. Roy Jacob & Co. as secretarial auditor, both for five-year terms. The board is also seeking approval to raise the borrowing limit to ₹500 crore and increase authorised share capital from ₹15 crore to ₹25 crore to support future business expansion. On the financial side, total revenue grew sharply to ₹634.40 lakhs (from ₹317.53 lakhs last year), driven by a big jump in other income, while profit after tax more than doubled to ₹158.29 lakhs and EPS improved to ₹2.45. The directors have not recommended any dividend and are not transferring funds to reserves due to limited profits from core operations.
Shareholders get to vote on a higher borrowing ceiling, a bigger authorised share capital (which could enable a future equity raise), and a change in statutory auditors. While bottom-line profit and EPS have improved, the sharp decline in core finance income and the absence of a dividend are points shareholders may want to assess before voting.