Board has approved the following:- a) Approval of the Board Report together with Management Discussion and Analysis Report and Report on Corporate Governance for the FY 2024-2025. b) ....
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The board of Hemang Resources met on September 3, 2025 and approved the Annual Report, Board Report, Management Discussion & Analysis, Corporate Governance Report and Secretarial Audit Report for FY 2024-25. It also approved the notice for the 32nd Annual General Meeting, which is scheduled for September 29, 2025 at 12 noon via video conferencing, and appointed a scrutinizer for the e-voting process. For FY 2024-25, the company reported turnover of Rs. 880.18 Lakhs, down sharply from Rs. 3,712.25 Lakhs in FY 2023-24 (a decline of about 76%), attributed 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 the previous year. No dividend was declared for the year, and preference share redemption has been extended to May 6, 2026. The board also approved the re-appointment of Ms. Komal Jitendra Thakker as Whole Time Director for five years effective September 3, 2025, subject to shareholder approval at the AGM.
Routine annual filings ahead of the AGM, but shareholders should note the steep 76% drop in revenue and the continued decision to skip dividends as the company focuses on financial recovery. The re-appointment of the existing Whole Time Director ensures leadership continuity, while the preference share redemption extension signals ongoing liquidity management rather than an immediate payout.