Submission of Annual Report for the F.Y. 2024-25
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Elegant Floriculture & Agrotech India Ltd has submitted its 32nd Annual Report for FY 2024-25 along with the notice for the 32nd Annual General Meeting scheduled on September 29, 2025. The company reported a sharp turnaround in financials — total revenue more than doubled to Rs. 2.78 crore (from Rs. 1.14 crore in FY24), while profit after tax jumped to Rs. 1.16 crore from just Rs. 0.03 crore in the previous year. On November 26, 2024, the company issued 57 lakh warrants on a preferential basis to non-promoters at an effective price of Rs. 10 per share. The AGM notice includes proposals to shift the registered office from Maharashtra to Gujarat, appoint a new secretarial auditor for five years, and re-appoint a director who retires by rotation. No dividend has been declared for the year.
Shareholders will see a strong rebound in earnings, but the absence of a dividend and the proposed registered office shift to Gujarat (requiring a special resolution) are notable items to watch. The preferential warrant issue could lead to equity dilution if exercised, while secretarial audit observations about delayed newspaper publication and website issues point to minor compliance lapses.