Revised Annual Report for the year ended 31st March 2025
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Frontier Capital Ltd has submitted its Revised Annual Report for FY 2024-25 to shareholders electronically. For the year, revenue from operations nearly doubled to Rs. 54.03 lakhs from Rs. 28.12 lakhs in FY24, while net profit jumped to Rs. 29.63 lakhs from Rs. 10.97 lakhs. Total income stood at Rs. 68.82 lakhs against total expenditure of Rs. 38.82 lakhs. The Board has not recommended any dividend to conserve resources. The 41st AGM will be held on 29 September 2025 via video conferencing, with items including appointment of new statutory auditors (M/s A.P. Rajagopalan & Co replacing M/s A.C. Bhuteria & Co for a 5-year term), appointment of two new independent directors, and reappointment of a retiring director.
The strong YoY growth in revenue (~92%) and profit (~170%) is a positive signal, though absolute numbers remain small. Shareholders should note the lack of dividend, the rotation of statutory auditors, and the unusually high turnover of Company Secretaries (three changes during FY25) which may warrant attention. The revised nature of the filing suggests possible corrections from the original submission.