Annual Report for the Financial Year 2024-25
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Consecutive Investments & Trading Company Limited has submitted its Annual Report for FY 2024-25 along with the notice for its 43rd AGM, scheduled for 30th September 2025 via video conferencing. The AGM agenda includes adoption of audited financial statements, re-appointment of Mr. Vimal Koli as Director, and appointment of M/s. Dhruvi Patel & Associates as Secretarial Auditor for a five-year term (FY 2025-26 to 2029-30). Shareholders will also be asked to approve a proposal to change the company's name to 'Consecutive Commodities Limited' or 'Consecutive Global Commodities Limited' and shift its registered office from Kolkata (West Bengal) to Ahmedabad (Gujarat). Additionally, the Board is seeking shareholder approval to borrow and create charges on company assets, and to give loans, guarantees or make investments up to Rs. 500 Crores under Section 186 of the Companies Act, 2013.
The name change to a commodities-focused identity and the shift of the registered office from Kolkata to Ahmedabad signal a strategic pivot towards commodity trading, potentially relevant for retail investors tracking the company's business direction. The Rs. 500 Crore borrowing/investment limit and authority to create charges suggest the company may be gearing up for expansion or acquisitions, which could mean future dilution of equity or increased leverage for existing shareholders.