Dear Sir, Please find the attachment. Regards, For First Fintec Limited Compliance Officer/ Authorised Signatory
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First Fintec Limited (formerly Firstobject Technologies) has submitted its 25th Annual Report for FY 2024-25 to BSE under Regulation 34(1) of SEBI LODR. The company's turnover stood at Rs. 22.16 million, down from Rs. 23.47 million in the previous year, a decline of about 5.6%. Net loss for the year narrowed to Rs. 0.94 million from Rs. 1.93 million in FY24, with a small profit before tax of Rs. 214,149 versus a loss of Rs. 26.41 lakhs last year. The board did not recommend any dividend due to the losses. The company changed its statutory auditor during the year, with M/s. JMT & Associates replacing M/s. RPSP Associates effective August 27, 2024. The AGM is scheduled for September 29, 2025 via video conferencing, and shareholders will consider the appointment of Mrs. Urrinkala Saritha as Independent Director for a 3-year term. Share capital remains unchanged at Rs. 10.40 crore comprising 1.04 crore equity shares.
This is largely a procedural compliance filing accompanying the annual report. For shareholders, the key takeaways are continued top-line pressure, a reduced but still-present bottom-line loss, no dividend, and a mid-year change of statutory auditor. These factors suggest the small-cap company remains in turnaround mode with limited operational scale.