Digidrive Distributors Limited has informed the Exchange about General Updates
DIGIDRIVE · price
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Digidrive Distributors Limited has submitted the Notice of its 3rd Annual General Meeting along with the Annual Report for FY 2024-25 to the exchanges. The AGM will be held on Friday, September 12, 2025 at 11:00 A.M. through video conferencing. Key agenda items include adoption of audited financial statements, re-appointment of Managing Director Mr. Kiran Bhaskar Bandekar (who retires by rotation), approval of material related party transactions with Saregama India Limited up to Rs. 100 crore, and appointment of M/s. Kamana Goenka & Associates as Secretarial Auditors for a 5-year term. The Annual Report highlights a strong FY25 performance with consolidated net profit jumping 95% to Rs. 791 Lacs from Rs. 406 Lacs, on consolidated net sales of Rs. 4,978 Lacs. Operating profit margin improved sharply to 18.98% from 9.25%, driven by cost control and operational efficiency.
This is primarily a routine AGM-related compliance filing, but it signals robust financial momentum with nearly doubled profits and sharply improved margins. Shareholders should note the proposed Rs. 100 crore related party transaction with Saregama India, the company's key Carvaan supplier and a group entity, which will require their approval at the AGM.