Annual Report
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Explicit Finance Ltd, a non-banking financial company (NBFC) based in Vasai, Thane, filed its 31st Annual Report for FY 2024-2025. Total revenue fell sharply to Rs. 678.94 Lacs from Rs. 940.18 Lacs in FY24, a decline of about 28%. The company slipped into a loss of Rs. 0.47 Lacs (PAT) versus a profit of Rs. 1.52 Lacs last year, and EPS turned negative at Rs. (0.01). No dividend has been recommended owing to the loss. The business remains focused on secondary capital market activity, loans against shares/property and financial consultancy. Key agenda items for the September 30, 2025 AGM include appointing Mr. Narendrasinh Zala as CFO cum Executive Director, Ms. Neelam Bhanushali as Independent Director for 5 years, and M/s Roy Jacob & Co. as Secretarial Auditor for 5 years.
Shareholders see a clear reversal in fortunes — the company moved from a small profit to a marginal loss with revenue contracting nearly 28%, which is a negative signal for near-term fundamentals. However, the losses are small and operations continue, with no dividend payout for the year.