Submission of Notice of AGM and Annual Report of the Company
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Darjeeling Ropeway Company Limited has submitted the notice and annual report for its 88th AGM, scheduled for August 19, 2025 at 3:00 PM via video conferencing. The company reported its first-ever revenue from operations of Rs. 91.01 lakhs in FY25, up from nil in FY24, but expenses jumped to Rs. 116.89 lakhs resulting in a net loss of Rs. 26.69 lakhs (vs Rs. 4.09 lakhs loss in FY24). EPS stood at negative Rs. 0.88. No dividend has been declared. Key AGM agenda items include adoption of FY25 financial statements, re-appointment of Ms. Viha Ashok Jain (daughter of Managing Director) as a director, appointment of Sunit M Chhatbar & Co as statutory auditor for five years (FY26-FY30), and a special resolution to shift the registered office from Mumbai (Maharashtra) to Rajkot (Gujarat).
Shareholders should note the company remains loss-making despite recording initial revenue, and the proposed Gujarat shift may signal a strategic relocation. The auditor re-appointment for a full five-year term and no dividend declaration reflect the small-cap, development-stage nature of this company.