31ST ANNUAL REPORT FOR THE FINANCIAL YEAR 2024-25
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Contil India Ltd has filed its 31st Annual Report for FY 2024-25 along with the notice for its 31st AGM, scheduled for September 22, 2025 at 11:30 AM via video conferencing. The company, which exports food and grocery items (spices, confectioneries, edibles) mainly to Canada, saw its turnover rise from about Rs 28.24 crore in FY24 to Rs 32.57 crore in FY25, while net profit nearly doubled from Rs 1.41 crore to Rs 2.53 crore. Key items up for shareholder approval include related-party transactions with Canada-based FTE Foods Inc. (capped at Rs 100 crore), appointment of CS Ashok Shelat as Secretarial Auditor for 5 years at Rs 45,000 per year, and a raise in promoter-director remuneration for MD Krishna Contractor and Executive Director Sejal Contractor to Rs 25 lakh per year each. No dividend has been declared for the year.
The strong jump in net profit is a positive signal for shareholders, but no dividend means no immediate cash payout. Investors should note the sizable related-party transaction limit and the proposed increase in promoter-director pay, both of which will require shareholder approval at the AGM.