NOTICE OF THE 31ST ANNUAL GENERAL MEETING FOR THE FINANCIAL YEAR 2024-25
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Hasti Finance Limited has called its 31st AGM on Tuesday, 30th September 2025 at 2:00 PM via video conferencing. The AGM will consider adopting the FY25 financial statements, the re-appointment of Mrs. Sonal Nitin Somani (Executive Director, retiring by rotation), and the appointment of M/s. Deepika Mishra & Associates as Secretarial Auditor for 5 years (April 2025 to March 2030). Financial performance deteriorated sharply — the company posted a loss after tax of about Rs. 8.15 crore in FY25, versus a loss of about Rs. 51 lakh in FY24, mainly because expenses jumped dramatically to roughly Rs. 8.59 crore from Rs. 1.05 crore the previous year. Gross income stayed flat at around Rs. 45 lakh. No dividend has been recommended due to the losses, and there was no change in the share capital of Rs. 10.84 crore.
Shareholders should note the sharp widening of losses and the steep rise in expenses, which is a red flag for an already small NBFC. The AGM agenda itself is routine, but the financial weakness highlighted in the directors' report is negative for near-term shareholder sentiment.