Please find attached herewith Copy of Annual Report dispatched to Shareholders along with AGM Notice
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Swastik Safe Deposit and Investments Limited, an NBFC registered with RBI, submitted its 84th Annual Report for FY 2024-25 along with the AGM notice to BSE. The 84th AGM is scheduled for June 19, 2025, with a record date of June 12, 2025 and a proposed final dividend of Re. 1 per share (10% on face value of Rs. 10). Net profit for FY25 stood at Rs. 11.81 lakhs, sharply lower than Rs. 121.75 lakhs in FY24, mainly due to higher expenses of Rs. 65.88 lakhs vs Rs. 19.15 lakhs earlier. The company also disclosed that it does not meet RBI's principal business criteria for NBFC classification and management has decided to surrender its NBFC registration. The agenda includes reappointment of Mr. Sunil Adukia (retiring by rotation), appointment of a new Secretarial Auditor (M/s. V K Bhanushali & Co) for five years, and confirmation of Mr. Jaimin Desai as Independent Director.
Sharp drop in net profit and the decision to surrender NBFC registration signal a meaningful shift in the company's business direction, which shareholders should note. The consistent dividend declaration and routine governance items provide some stability, but investors may want clarity on future business plans post-NBFC surrender.