ANNUAL REPORT 2024-25.
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Containerway International Ltd, which has been renamed to Indus Aluminium Recyclers Ltd, has filed its Annual Report for FY 2024-25 along with the notice of its 39th AGM to be held on 29th September 2025 via video conferencing. The company recorded its first year of revenue from operations at Rs. 1,997.56 Lakhs (up from nil in FY 2023-24), with total revenue of Rs. 2,110.73 Lakhs including Rs. 113.7 Lakhs of other income. Profit after tax stood at Rs. 47.96 Lakhs, a turnaround from a loss of Rs. 16.41 Lakhs in the prior year. Key agenda items include shareholder approval for a material related party transaction with Sampat Aluminium Limited (up to Rs. 15 Crore over 5 years), appointment of a new Independent Director Ms. Niki Nitin Thakkar, and appointment of a Secretarial Auditor for five years. The company also increased its authorised share capital to Rs. 20 Crore and issued 50.35 lakh equity shares at Rs. 20 each on a preferential basis.
The company has effectively restarted operations in a new line of business (aluminium recycling), reflected in the strong revenue jump and return to profitability. Shareholders should note the proposed material related party transaction with Sampat Aluminium Limited, a related party due to common directorship, which requires their voting approval at the AGM.