Annual Report for the FY 2024-25
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Divyashakti Limited (BSE: 526315), a granite and engineered stone company based in Hyderabad, has submitted its Annual Report for FY 2024-25 along with the Notice for its 34th Annual General Meeting scheduled for 29th September 2025 via video conferencing. The Board has recommended a final dividend of ₹2 per share (20%) on equity shares of face value ₹10. Shareholder approval is being sought for material related party transactions worth up to ₹80 Crores with Cosmos Granite (West), Cosmos Granite (South East), and Cosmos Granite (South West) — firms linked to the family of Managing Director N. Hari Hara Prasad. The company also proposes a strategic investment of up to ₹150 Crores to acquire a 51-55% stake in an existing solar power generation entity through a subsidiary, marking its diversification into renewable energy. M/s. Puttaparthi Jagannatham and Co. is proposed as Secretarial Auditor for a 5-year term starting FY 2025-26.
The proposed ₹150 Crore solar power investment signals a major diversification move beyond the core granite business, which could be seen positively for long-term growth but may also raise capital allocation concerns for a small-cap company. The large related party transactions (₹80 Crores) with promoter-linked firms require shareholder approval and warrant close scrutiny for arm's length pricing. The 20% dividend provides reasonable shareholder returns.