Digidrive Distributors Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 12, 2025
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Digidrive Distributors Limited has informed the stock exchanges about its 3rd Annual General Meeting (AGM) scheduled for Friday, September 12, 2025, at 11:00 AM, to be held via video conferencing. Along with the AGM notice, the company has filed its Annual Report for FY 2024-25. Key financial highlights from the report include consolidated net sales of Rs. 4,978 lakhs (up from Rs. 4,763 lakhs in FY24) and a 95% jump in consolidated net profit to Rs. 791 lakhs (from Rs. 406 lakhs). Operating profit margin improved sharply to 18.98% from 9.25% in the previous year. The business is centred on being the master distributor of Carvaan music players from Saregama India Limited, and the company is part of the RP-Sanjiv Goenka Group. The AGM will consider adoption of financial statements, re-appointment of a director, a related party transaction with Saregama India worth up to Rs. 100 crore, and appointment of a new secretarial auditor for five years.
The 95% surge in net profit and the sharp improvement in operating margin signal strong operational performance and better cost efficiency, which are positive for shareholders. The proposed related party transaction with Saregama India Limited (up to Rs. 100 crore) is a routine item given Carvaan is their core product, but shareholders should note the scale. No dividend announcement is included in the AGM notice.