D. P. Abhushan Limited has informed the Exchange regarding Proceedings of 8th Annual General Meeting held on Monday, September 29, 2025 at 4:30 P.M. IST and concluded at 5:30 P.M. IST.
DPABHUSHAN · price
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Awaiting price reaction for this filing.
D. P. Abhushan Limited held its 8th AGM on September 29, 2025 in Ratlam, chaired by CMD Santosh Kataria, with 31 members present. Three businesses were transacted: adoption of FY25 audited financial statements, re-appointment of Non-Executive Director Renu Kataria (retiring by rotation), and appointment of M/s ALAP & Co. LLP as Secretarial Auditor for five years starting April 1, 2025. Management highlighted strong FY25 performance with revenue growing around 42% and profit after tax rising about 82%, achieved despite record-high gold prices hurting jewellery volumes. The company also shared expansion plans to double its store count by FY2028 and enter new markets in Chhattisgarh and Gujarat, with the retail network currently at 11 showrooms across MP and Rajasthan. The Secretarial Auditor flagged two minor compliance issues — delayed intimation of a director's resignation due to a misplaced letter, and late recording of some UPSI entries in the SDD software — both attributed to oversight with corrective assurances given.
The robust revenue and profit growth, combined with a clear store expansion roadmap, is a positive signal for shareholders. Minor compliance observations are routine and already explained, unlikely to materially affect sentiment. Polling results to be declared within 48 hours and could trigger short-term price movement depending on shareholder approval margins.