Annual Report FY 2024-2025
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Ekam Leasing and Finance has submitted its 32nd Annual Report for FY 2024-25 to BSE. The 32nd AGM is scheduled for September 29, 2025 via video conferencing. The company swung to a net loss of Rs. 112.81 Lacs on a standalone basis compared to a profit of Rs. 49.40 Lacs in the previous year. Standalone revenue from operations dropped sharply to Rs. 33.95 Lacs from Rs. 65.17 Lacs. On a consolidated basis, revenue fell to Rs. 40.46 Lacs (vs Rs. 130.21 Lacs) with a net loss of Rs. 97.10 Lacs. No dividend has been recommended due to the losses. The report also seeks shareholder approval to appoint M/s Baladeva Chitranjan as Secretarial Auditor for a five-year term starting FY 2025-26 at a fee of Rs. 50,000 per year.
Shareholders should note the sharp swing from profit to loss and steep revenue decline, which signals significant operational weakness. No dividend is being paid this year, and the AGM will seek approval for a new long-term secretarial auditor appointment.