Notice for 33rd Annual General Meeting for the Financial Year 2024-2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Groarc Industries India Ltd (BSE: 532315) has issued notice for its 33rd AGM, scheduled for Wednesday, 10 September 2025 at 12:00 PM via video conferencing. The business includes adoption of audited financial statements for FY25, re-appointment of director Vijayaraj Heerachand Jain (DIN: 01319086) by rotation, and appointment of M/s. Ramesh Chandra Mishra & Associates as Secretarial Auditor for five consecutive years (FY26 to FY30). The Directors' Report shows revenue from operations declined to Rs. 34.79 crore (from Rs. 40.67 crore in FY24), but net profit more than tripled to Rs. 87.04 lakh (from Rs. 26.62 lakh), with EPS rising to Rs. 0.43 from Rs. 0.13. No dividend has been recommended, and there is no change in share capital or business nature.
Shareholders can vote via remote e-voting from 7-9 September 2025 (cut-off: 3 September). While revenue declined, the sharp jump in net profit is a positive signal, though the very low EPS and zero dividend indicate limited near-term shareholder returns. The appointment of a new secretarial auditor and routine director re-appointment are standard governance items unlikely to move the stock.