This is to inform you that the 37th AGM of the Shareholders of Flora Corporation Limited (the ''Company'') will be held on Monday, 08th September, 2025 at 12:00 Noon (IST) through Video ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Flora Corporation Limited has called its 37th Annual General Meeting on Monday, September 8, 2025, at 12:00 Noon via video conferencing. The agenda includes adopting the FY25 audited financial statements, re-appointing director Mrs. Inturi Bramaramba (who retires by rotation), and approving related party transactions with Think Big Enterprises Private Limited (up to Rs. 100 crore per annum) and Surya Mitra Traders (up to Rs. 50 crore per annum), both linked to Director/CFO Rajesh Gandhi. For FY25, revenue from operations stood at Rs. 147.91 crore, up from Rs. 145.14 crore in the previous year. However, profit after tax dropped sharply to Rs. 10.54 lakh from Rs. 38.46 lakh. The board has recommended no dividend for the year, citing conservation of profits. E-voting will be conducted through CDSL from September 5 to September 7, 2025.
The steep fall in profit after tax (~73% decline) despite marginal revenue growth is a red flag for shareholders. The large related party transaction limits (up to Rs. 150 crore combined) with entities linked to the Director/CFO warrant careful scrutiny, though the company states these are on an arm's length basis. No dividend may disappoint income-seeking investors.