Intimation of Annual Report 24-25
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City Pulse Multiventures Ltd (formerly City Pulse Multiplex Limited) has submitted its Annual Report for FY 2024-25 along with the notice for its 25th AGM scheduled for September 29, 2025 via video conferencing. Revenue from operations more than doubled to ₹281.31 lakh (from ₹114.90 lakh), while net profit jumped sharply to ₹134.44 lakh from just ₹14.76 lakh in the previous year. The Board has decided not to declare any dividend to build a buffer for future growth. Key items at the AGM include the appointment of M/s Rajendra J. Shah & Co. as the new statutory auditor for 5 years (replacing S.D. Mehta & Co.) at a fee of ₹1.20 lakh, and re-appointment of director Kush Arpit Mehta. A special resolution proposes adding new business lines to the company's main objects: solar power generation and petroleum products trading — a significant diversification from its current multiplex and entertainment business.
Shareholders should note a major strategic pivot from entertainment into solar energy and petroleum, which could reshape the company's future revenue mix. While profit growth is strong, the absence of a dividend and prior compliance lapses (late Company Secretary appointment attracting BSE fines, delayed share capital reconciliation) are minor concerns. The auditor change and business diversification will require shareholder approval at the AGM.