The 15th Annual Report of FY2024-25 attached herewith.
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Awaiting price reaction for this filing.
Gujarat Hy-Spin Limited has submitted its 15th Annual Report for FY2024-25 to BSE (SME Platform). Revenue from operations rose marginally to ₹9,255.63 lakhs from ₹9,176.28 lakhs in the previous year. However, profit after tax declined sharply to ₹9.72 lakhs from ₹16.81 lakhs (a ~42% drop), and EPS fell to ₹0.06 from ₹0.10. The Board has not recommended any dividend for the year, citing future expansion needs. The 15th AGM is scheduled for September 30, 2025. The Secretarial Auditor flagged some compliance gaps, including non-appointment of an Internal Auditor, unpaid professional tax of ₹7.79 lakhs, short TDS payment of ₹3.71 lakhs, and a ~5-month delay in appointing an Independent Director.
Routine annual filing, but the sharp fall in profit and zero dividend may be negative signals for shareholders. Compliance lapses around unpaid statutory dues and delayed board appointments indicate weak governance, though the company has stated it is working to regularize these.