15th Annual Report of the Company for FY 2024-25
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Gita Renewable Energy Ltd (BSE: 539013) has filed its 15th Annual Report for FY 2024-25 and the notice for its 15th Annual General Meeting. The AGM will be held on Thursday, September 25, 2025, at 4:00 PM via video conferencing. The Register of Members will be closed from September 19 to September 25, 2025, with the cut-off date set as September 18, 2025. Remote e-voting will be open from September 22 to September 24, 2025. Business items include adoption of audited financial statements, re-appointment of Mrs. Saraswathi as director, appointment of new statutory auditors M/s. Aayush Bohra & Co. for 5 years (till 2030 AGM), appointment of M/s. M.K. Madhavan & Associates as secretarial auditors for 5 years, and re-appointment of Mr. R Natarajan as Managing Director for another 5-year term (2025-2030). The financials show revenue from operations fell sharply to Rs. 5.60 lakhs from Rs. 8.40 lakhs, and the company swung to a loss after tax of Rs. 39.27 lakhs versus a profit of Rs. 26.35 lakhs in the previous year.
Shareholders should note the sharp swing from profit to loss in FY 2024-25 and the significantly reduced revenue. They should review the annual report and exercise their voting rights on key items including the auditor change and MD re-appointment before the September 18, 2025 cut-off date.