Cartrade Tech Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 25, 2025 along with a copy of minutes.
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Awaiting price reaction for this filing.
CarTrade Tech held its 25th AGM on September 25, 2025 via video conferencing, attended by 47 members. Ordinary business included approval of FY25 audited standalone and consolidated financial statements and the re-appointment of Mr. Victor Anthony Perry III as a director. Special business covered the appointment of M/s M. Jawadwala & Co. as secretarial auditor for five years (FY26–FY30), approval of related party transactions involving Shriram Automall India Limited and CarTradeExchange Solutions with Shriram Finance for FY26, and approval of the Managing Director's remuneration. The Chairman's address highlighted FY25 as a record year with consolidated revenue of Rs. 711 crore (up 28% YoY), profit after tax of Rs. 145 crore (up 627%), and EBITDA of Rs. 151 crore at a 23% margin. The company ended the year debt-free with a cash balance of Rs. 954 crore. Voting results on the resolutions are pending and will be declared by the scrutinizer separately.
This is a routine procedural filing with no immediate price catalyst, but the disclosed FY25 results — record revenue, sharp profit growth, and a strong cash position of Rs. 954 crore with no debt — reinforce a positive fundamental picture for shareholders. Shareholders should watch for the scrutinizer's report on voting outcomes, particularly the MD remuneration and related party transaction approvals.