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Awaiting price reaction for this filing.
Cospower Engineering Ltd submitted its Annual Report for FY 2024-25 along with the AGM notice, as required under SEBI LODR Regulation 34(1). The company, a player in Reactive Power Compensation and Power Quality Improvement solutions, reported a turnover of ₹27.70 crore (a 25% topline growth) and a net profit of ₹1.53 crore for FY24-25. Management highlighted that H1 FY25-26 sales already crossed ₹25 crore, projecting a record turnover of ₹60 crore and estimated profit of ₹6.51 crore for FY25-26. The company is undertaking a major capacity expansion (doubling production capacity) with new machinery expected operational before Q3 FY26, supported by funds from a recent preferential allotment of shares. The 15th AGM is scheduled for September 30, 2025, with agenda items including adoption of financials, re-appointment of two directors, appointment of new statutory and secretarial auditors, and regularization of a new independent director.
Positive signals for shareholders — strong FY26 growth guidance (more than double turnover), capacity expansion underway, and recent capital infusion suggest the company is in a growth phase. Routine AGM items (auditor changes, director re-appointments) are standard and unlikely to move the stock on their own.