Notice alongwith Annual Report 2024-25 for 73rd Annual General Meeting of Cravatex Limited scheduled to be held on Wednesday, 6th August, 2025 at 3.30 p.m. IST through VC / OAVM is attached.
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Cravatex Limited has circulated the notice for its 73rd Annual General Meeting, scheduled for Wednesday, 6th August 2025 at 3:30 PM via video conferencing. Shareholders will consider adopting the FY24-25 financial statements, approving a final dividend of Rs. 12.50 per share (125% of face value), re-appointing Mr. Rohan Batra as director, and appointing Ms. Rina Suresh Deora as a Non-executive Independent Director. The company's FY24-25 financials show a big jump in turnover to Rs. 480 Lacs (from Rs. 187 Lacs in FY23-24) with earnings before tax of Rs. 539 Lacs (vs Rs. 335 Lacs) and EPS rising to Rs. 18.82 from Rs. 13.69. Net worth grew to Rs. 2,150 Lacs and reserves stood at Rs. 1,892 Lacs. The final dividend of Rs. 12.50 per share is much higher than the Rs. 3 per share (30%) paid in the previous year.
The sharply higher dividend (125% vs 30% last year) and strong earnings growth signal improving business performance and are positive for shareholders. The AGM items are routine in nature, with the board appointments being standard governance steps.