In Compliance of Regulation 34(1) of SEBI(LODR) Regulations, 2015 a copy of 63rd Annual Report containing Notice to shareholders, Directors Report and Annual Financials along with e-voting ....
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Awaiting price reaction for this filing.
GTN Industries has filed its 63rd Annual Report for FY2024-25 along with the notice for the AGM to be held on 24th September 2025 at 10:30 AM at the registered office in Telangana. Book closure runs from 19th to 24th September 2025. Revenue from operations fell to Rs. 17,250 lacs from Rs. 18,538 lacs in the previous year. Despite the revenue dip, operating profit improved to Rs. 257 lacs versus a loss of Rs. 29 lacs last year. However, after interest of Rs. 425 lacs and depreciation of Rs. 378 lacs, the company reported a net loss of Rs. 464 lacs (improved from Rs. 622 lacs loss). No dividend has been recommended due to the loss. Two special business items are on the AGM agenda: ratification of cost auditor remuneration (Rs. 50,000) and appointment of secretarial auditor for five years (FY2025-26 to 2029-30). Foreign exchange earnings dropped sharply to Rs. 4,842 lacs from Rs. 7,508 lacs.
Shareholders face another year without dividends as the company posts a third consecutive loss, though losses are narrowing. The stock price reaction is likely to be muted as the financial weakness was already known, but sustained losses raise going-concern questions. Related-party transactions of Rs. 11.33 crore with associate GTN Engineering are disclosed at arm's length.