32nd Annual Report of the Company for the Financial Year 2024-25
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Awaiting price reaction for this filing.
Dev Labtech Venture Limited, a BSE SME-listed lab-grown diamond and jewellery company, submitted its 32nd Annual Report for FY 2024-25. Management reports significant growth in turnover and income, with the net worth also improving, though the Whole-Time Director flagged a slightly declining profit margin that calls for better cost control. The 32nd AGM is scheduled for 27th September 2025 via video conferencing. Key agenda items include the appointment of M/s. H A R & Co. as statutory auditors for a fresh five-year term, approval of a material related party transaction of up to Rs. 50 crore with wholly owned US subsidiary Dev Labtech Venture Inc. over five years (FY 2025-26 to FY 2029-30), shifting the registered office from Bhavnagar to Surat, and ratifying promoter-director remuneration at Rs. 5 lakh per month each.
This is largely a routine regulatory filing under SEBI LODR Regulation 34, so it should not move the stock sharply on its own. However, shareholders should note the Rs. 50 crore material related party transaction with the new US subsidiary, signalling international expansion plans, and the planned shift of the registered office to Surat — closer to the company's diamond manufacturing base. The marginally declining profit margin despite revenue growth is a watchpoint for cost discipline.