Pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are submitting herewith the Annual Report of the Company for the 88th Annual ....
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Darjeeling Ropeway Company Limited has submitted its 88th Annual Report for FY 2024-25 ahead of the AGM scheduled for August 19, 2025. The company recorded its first revenue from operations of Rs. 91.01 lakhs in FY25, compared to nil in FY24, but total expenses surged to Rs. 116.89 lakhs, leading to a net loss of Rs. 26.69 lakhs (vs. Rs. 4.09 lakh loss in FY24). EPS stood at Rs. (0.88). No dividend was declared as the company looks to conserve resources. Key agenda items at the AGM include reappointment of Ms. Viha Ashok Jain (daughter of MD) as a director, appointment of M/s. Sunit M Chhatbar & Co as statutory auditor for a 5-year term, and a special resolution to shift the registered office from Mumbai (Maharashtra) to Rajkot (Gujarat).
For shareholders, this is a small company in its early revenue-generating phase reporting widening losses and no dividend, which may concern income-focused investors. The registered office shift to Gujarat and routine auditor reappointment are administrative items unlikely to materially impact the stock. The growing expense base relative to revenue remains the key watchpoint.