Annual Report for the FY 2024-25
GVKPIL · price
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GVK Power & Infrastructure has filed its 31st Annual Report for FY 2024-25 and notice for the AGM to be held on 30th September 2025 at 11:30 AM via video conferencing. The company is currently under Corporate Insolvency Resolution Process (CIRP), admitted by NCLT on 12th July 2024, with Mr. Satish Kumar Gupta acting as the Resolution Professional and managing company affairs. On a consolidated basis, the company reported operational income of Rs. 80,216 lakhs (down from Rs. 108,014 lakhs in FY24) but a profit of Rs. 59,761 lakhs (vs Rs. 21,121 lakhs) largely due to exceptional items of Rs. 56,341 lakhs. Standalone results remained weak with a loss of Rs. 32 lakhs versus Rs. 1,794 lakhs loss last year. All Independent Directors resigned effective 3rd October 2024. Business items at the AGM include adoption of accounts, re-appointment of G V Sanjay Reddy, and appointment of Ms. Neha Pamnani as Secretarial Auditor for five years.
Shareholders should note the company remains under insolvency resolution, meaning the board's powers are suspended and a Resolution Professional is in charge. Market cap has nearly halved year-on-year (from Rs. 1,540 cr to Rs. 584 cr), reflecting ongoing stress, though consolidated profit appears boosted by one-time exceptional items. The AGM cut-off date for e-voting eligibility is 23rd September 2025.