Please find attached the 35th Annual Report of the Company for the financial year ended March 31, 2025 which inter alia includes the Notice of the 35th Annual General Meeting, Independent ....
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Hindustan Agrigenetics Limited has submitted its 35th Annual Report for FY 2024-25 to BSE, which includes the notice for its 35th AGM scheduled on September 27, 2025 at 11:00 AM via video conferencing. The company reported total receipts/income of Rs 83.70 lakhs (down from Rs 103.31 lakhs in FY24), and slipped into a loss with a profit before tax of minus Rs 31.10 lakhs versus a profit of Rs 60.59 lakhs in the previous year. Revenue from operations was Rs 7.71 lakhs, slightly higher than Rs 7.20 lakhs last year. No dividend has been recommended, and the authorized share capital was increased from Rs 5 crore to Rs 10 crore during the year. The AGM will seek shareholder approval for the appointment of GR Gupta & Associates as Secretarial Auditors for five years (FY 2025-26 to 2029-30) and the re-appointment of Director Pritam Kapur, while Chairman Pranav Kapur is stepping down.
The company has swung from profit to loss and has no dividend to offer, which is a negative signal for shareholders, though the BSE market price of Rs 67.15 is up 670% from the Rs 10 issue price. The AGM items are largely procedural, but the loss-making year may raise investor concerns about the company's small-scale hybrid seeds, tissue culture, and floriculture business.