Annual Report for 31st March 2025
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Frontier Capital Limited filed its 41st Annual Report for the financial year ended March 31, 2025, along with the notice for its AGM scheduled for September 29, 2025 via video conferencing. Revenue from operations nearly doubled to Rs. 54.03 lakhs from Rs. 28.12 lakhs in FY24, while total income rose to Rs. 68.82 lakhs from Rs. 28.80 lakhs. Profit After Tax jumped sharply to Rs. 29.63 lakhs from Rs. 10.97 lakhs in the previous year, and the Board has chosen not to declare any dividend, opting instead to transfer Rs. 5.93 lakhs to reserves under Section 45-IC of the RBI Act (indicating its NBFC status). Key AGM business includes appointing new statutory auditors (M/s A.P. Rajagopalan & Co. replacing A.C. Bhuteria & Co.), approving two new independent directors, and appointing M/s SB & Co. as secretarial auditors for five years.
For retail investors, the numbers show a clear operational turnaround in absolute terms, but the company remains very small with revenues under Rs. 1 crore. The auditor change at AGM is a routine rotation event and not a mid-year switch, and the absence of dividend signals continued capital conservation by management.