This is to inform you that Pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find the enclosed ....
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Competent Automobiles held its 40th AGM on 27 September 2025 via video conferencing, attended by 66 members and lasting about 50 minutes. The Chairman reported FY2024-25 revenue of Rs. 2,140 crore, only marginally higher than Rs. 2,123 crore last year, while net profit fell to Rs. 23 crore from Rs. 27 crore due to higher manpower costs, rent, and finance costs. The Board recommended a dividend of Re. 1 per share (10%) on the face value of Rs. 10, subject to shareholder approval. Shareholders considered resolutions on adopting financial statements, re-appointing Mrs. Kavita Ahuja as Whole Time Director for 5 years, and appointing M/s P. P. Agarwal & Co. as Secretarial Auditors for 5 years. The meeting also condoled the demise of Whole Time Director Mr. Kanwal Krishan Mehta, leading to the withdrawal of his re-appointment resolution.
Flat revenue growth and a notable drop in profit suggest margin pressure from rising operating costs, but the continued dividend payout indicates steady returns for shareholders. E-voting results due within 2 working days will confirm whether all resolutions passed.