Notice Of The 39Th Annual general Meeting ("AGM") And Annual report For The Financial Year 2024-25.
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Awaiting price reaction for this filing.
Candour Techtex Limited (formerly Chandni Textiles Engineering Industries Ltd) has convened its 39th AGM on September 30, 2025, via video conferencing, along with the Annual Report for FY 2024-25. Revenue from operations rose marginally to ₹18,810.18 lakhs (FY25) from ₹18,473.41 lakhs (FY24), a growth of about 1.8%. The company swung to a pre-tax profit of ₹132.14 lakhs from a previous loss of ₹148.21 lakhs, but profit after tax declined to ₹67.28 lakhs from ₹105.69 lakhs due to higher tax provisions. No dividend has been recommended to conserve resources. The statutory auditor issued an unmodified opinion, and the secretarial audit had no qualifications. During the year, the company raised funds through a preferential issue of 12 lakh convertible warrants (₹10.04 cr) and 10.19 lakh equity shares (₹8.53 cr) to non-promoters, and also approved a 1:10 stock split with an increase in authorised share capital.
Modest revenue growth and a return to operating profitability are positives, but the decline in PAT and no dividend may limit near-term shareholder returns. The equity dilution from the preferential issue and stock split could affect short-term price action, though the capital raise strengthens the balance sheet.