We submit herewith Notice of 30th Annual General Meeting and Annual Report for Financial Year 2024-25. We wish to inform you that, the 30th Annual General Meeting ("AGM") of the Members ....
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Dhatre Udyog Ltd (formerly Narayani Steels Limited) has submitted its 30th Annual Report for FY 2024-25 along with the AGM notice to BSE. The 30th AGM is scheduled for Saturday, September 27, 2025 at 1:00 p.m. via video conferencing, with e-voting open from September 24–26, 2025. Financial performance sharply weakened: Total Income fell to ₹14,459.79 Lakhs (from ₹21,936.42 Lakhs in FY24), a 34% drop. Profit After Tax dropped about 85% to ₹169.77 Lakhs (from ₹1,117.57 Lakhs), and EPS fell to ₹0.16 from ₹1.03. The Board has not recommended any dividend, citing future expansion plans, and transferred ₹502.04 Lakhs to reserves. The notice also seeks shareholder approval to ratify the remuneration of Cost Auditor M/s Sampath & Co., appoint M/s Ankita Dey & Associates as Secretarial Auditor for 5 years (FY25-26 to FY29-30), and re-appoint Executive Director Ankit Gupta who retires by rotation. The company's associate, Hari Equipments Private Limited, has continued to incur losses.
Shareholders should note the steep decline in revenue and profits — nearly 85% fall in PAT year-on-year — and no dividend for FY25. The AGM provides an opportunity to question management on the reasons for the sharp earnings drop and on the status of the loss-making associate company.