Kindly take on your record the enclosed ANNUAL REPORT, 2024-25 of the Company.
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Awaiting price reaction for this filing.
Garware Marine Industries has filed its 47th Annual Report for FY 2024-25 with BSE, as required under SEBI LODR Regulation 34. The 47th AGM is scheduled for September 25, 2025, to be held via video conferencing. Revenue from operations (including other income) rose 69.11% to Rs. 120.42 lakhs, up from Rs. 71.21 lakhs in the previous year. The company swung to a profit of Rs. 43.14 lakhs, compared with a loss of Rs. 6.81 lakhs in FY24. Other comprehensive income surged to Rs. 647.68 lakhs, driven mainly by a rise in market value of the company's listed investments. The AGM will also consider appointing a new Independent Director (Mr. Amir J. Pradhan) and a new Secretarial Auditor (Mr. Rajkumar R. Tiwari) for a five-year term.
This is a routine compliance filing, not a price-moving event. The swing to profitability and revenue growth are positive, but absolute figures are very small (in lakhs), and most of the comprehensive income comes from mark-to-market gains on investments rather than core operations. No dividend or major corporate action has been announced.