We are hereby submitting the Annual Report of CRYSTAL BUSINESS SYSTEM LIMITED (Formerly known as Sadhna Broadcast Limited) for Financial Year ended 2024-25 as required under Regulation ....
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Crystal Business System Limited (formerly Sadhna Broadcast Limited) filed its 31st Annual Report for FY ended March 31, 2025. Revenue rose to Rs. 1,760.94 lakh from Rs. 1,555.67 lakh, and net profit after tax jumped to Rs. 90.55 lakh from Rs. 33.61 lakh year-on-year. The company name was changed from Sadhna Broadcast Limited to Crystal Business System Limited, approved by the Registrar of Companies on May 1, 2025. The 31st AGM is scheduled for September 26, 2025 via video conferencing, with agenda items including adoption of financials, re-appointment of director Arpan Gupta, and appointment of M/s V Kumar & Associates as secretarial auditor for five years at Rs. 50,000 plus taxes per year. The report also discloses two major regulatory issues: a SEBI order dated May 29, 2025 imposing debarment of 2-5 years and penalties between Rs. 10 lakh to Rs. 2 crore on promoters (Gaurav Gupta, Pooja Aggarwal, Shreya Gupta, Saurabh Gupta) and director Arpan Gupta for YouTube-related securities violations, and a CGST demand of Rs. 9.59 crore plus an equal penalty from November 2024 for CENVAT credit rule violations.
Operationally the company is improving, with profits nearly tripling and revenue growing around 13%, but the disclosures carry serious risk: SEBI penalties on promoters and a director raise governance concerns, and the combined CGST demand and penalty of nearly Rs. 19.2 crore could materially affect the company's small balance sheet (net profit only Rs. 90.55 lakh). Shareholders should weigh the strong FY25 results against the regulatory overhang and pending legal exposures before making investment decisions.