Submission of 79th AGM notice and Annual report for FY 2024-25
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Caprihans India Limited has submitted its 79th Annual Report along with the AGM notice to BSE. The 79th AGM is scheduled for Tuesday, September 23, 2025 at 12:00 noon via video conferencing. For FY 2024-25, the company reported revenue from operations (including other income) of Rs. 767.56 crore (up Rs. 45 crore year-on-year), but posted a loss before tax of Rs. 78.31 crore and a net loss of Rs. 61.80 crore, compared to a loss of Rs. 51.62 crore in FY 2023-24. The board did not recommend any dividend citing ongoing losses. The company transferred its leasehold rights at the Wagle Industrial Estate (Thane Flexible PVC plant) in January 2025 and relocated to a new facility at Ambernath, using proceeds to repay part of long-term debt. Other highlights include issue of 48 lakh convertible warrants to promoter Bilcare Limited (of which 14.9 lakh were converted into equity), redemption of 4.63 crore 0.1% Redeemable Preference Shares, and incorporation of a wholly-owned subsidiary, Bilcare Research GmbH, in Frankfurt, Germany.
Shareholders will see no dividend for the second consecutive year due to continued losses, though a small bottom-line improvement in revenue is offset by rising costs. The promoter infusion via warrants is a positive sign of confidence, but the sizeable loss and weak cash flow remain key concerns for the stock in the near term.