Annual Report for the Financial Year 2024-25
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Hemang Resources Limited has submitted its Annual Report for FY 2024-25 to BSE, as required under SEBI LODR Regulation 34. The company's turnover dropped sharply to Rs. 880.18 Lakhs from Rs. 3,712.25 Lakhs in the previous year, a decline of 76.28%, due to lower coal trade volumes amid adverse market conditions. Despite the revenue slump, the company swung to a net profit of Rs. 54.02 Lakhs compared to a loss of Rs. 108.62 Lakhs in FY 2023-24. No dividend has been declared for the year. The 32nd AGM is scheduled for 29th September 2025 via video conferencing, and shareholders will consider the re-appointment of Ms. Komal Jitendra Thakker as Whole Time Director.
The steep revenue decline is a concern for investors, but the return to profitability is a positive signal. The company had previously been under financial stress (accounts were NPA, ICRA rating 'D'), so shareholders should watch whether the profit recovery is sustainable or driven by one-time factors.