Please find the attached Annual Report of the Company for the Financial Year 2024-25.
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Cranex Limited has filed its Annual Report for the financial year ended 31st March 2025, marking the company's 50-year milestone. The Chairman's message highlights a 28.14% rise in profit during FY24-25, supported by expansion in manufacturing capacity and focus on high-capacity EOT cranes. The order book reportedly offers more than 12 months of sales visibility, with key clients including Indian Railways (Vande Bharat train sets), BHEL, L&T, and Voith Hydro. The 50th AGM is scheduled for 29th September 2025 via video conferencing. Key business items include adoption of financial statements, appointment of an Independent Director, and seeking shareholder approval to raise the borrowing limit to Rs. 50 crore (including creating charges on company assets). The TOC includes a 'Statement on Impact of Audit Qualifications', suggesting possible audit qualifications on the financial statements.
Strong profit growth (28.14%) and a robust order book signal positive business momentum. However, the presence of audit qualifications and the proposed increase in borrowing limits to Rs. 50 crore warrant closer scrutiny from shareholders, as the debt raise may signal expansion plans or increased leverage.