Pursuant to Regulation 34 of the SEBI (LODR) Regulations, 2015, we submit herewith the Annual Report of the Company for Financial Year ended on March 31, 2025.
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Gini Silk Mills Limited submitted its 45th Annual Report for FY ended March 31, 2025, along with the notice for its AGM scheduled for September 20, 2025 via video conferencing. Revenue from operations fell to Rs. 4,002.65 lakhs from Rs. 4,373.30 lakhs in the previous year, while profit after tax dropped sharply to Rs. 180.42 lakhs from Rs. 303.56 lakhs, a decline of about 41%. EPS stood at Rs. 3.23 versus Rs. 5.43 earlier, and the Board did not recommend any dividend, choosing to retain earnings. The AGM will seek shareholder approval for material related party transactions with Gini Tex Private Limited (a promoter-linked entity) worth roughly Rs. 2.81 crores in job work, purchases, sales and rent, plus loans of Rs. 8 lakhs from the Harlalka family directors. Shareholders will also vote on appointing Sandeep Dar & Co. as Secretarial Auditor for five years (FY26-FY30) and the re-appointment of Mrs. Anjali Harlalka as director.
The significant drop in profits and revenue, combined with no dividend, is a negative signal for income-seeking shareholders. The large related party transactions with promoter group companies warrant close scrutiny for arm's-length pricing and minority shareholder interest.