Annual Report 2024-2025 containing AGM Notice, Directors Report, Corporate Governance Report, Management discussion and analysis, Accounts, Auditors Report, Secretarial Audit Report etc.
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El Forge Limited has filed its Annual Report for FY2024-25 along with the notice for its 89th AGM, scheduled for Friday, 20th June 2025 at 12 noon at the registered office in Chengalpattu, Tamil Nadu. Revenue from operations (forgings) grew 11.42% year-on-year to Rs. 7,612.96 lakhs from Rs. 6,832.24 lakhs, but profit after depreciation declined to Rs. 229.78 lakhs from Rs. 306.35 lakhs (the prior year figure of Rs. 7,112.20 lakhs included an exceptional/extraordinary gain of Rs. 6,805.85 lakhs). No dividend has been recommended for the year, and the company has no bank borrowings. Key AGM items include the reappointment of K.V. Ramachandran as Vice Chairman & Managing Director for five years (1 April 2025 to 31 March 2030) with a total remuneration of Rs. 80.74 lakhs, and the appointment of Mrs. Satyadevi Alamuri as Secretarial Auditor for FY2025-26. There was also a CFO change, with R. Sowmithri stepping down as CFO (continuing as Company Secretary) and Sujeetha Govindarajan taking over as CFO from 1 April 2025.
For shareholders: top-line growth is a positive signal on business momentum, but a decline in core profitability and the absence of any dividend mean little direct cash return. The AGM items (MD reappointment and Secretarial Auditor) are routine governance matters requiring shareholder approval and are unlikely to materially move the stock.