In compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we submit herewith the Annual Report of the Company for the Financial Year 2024-2025.
Awaiting price reaction for this filing.
Shah Foods Limited has filed its 43rd Annual Report for FY 2024-25 along with the AGM notice. The 43rd AGM is scheduled for Friday, July 18, 2025 at 12:00 PM via video conferencing, with remote e-voting open from July 15 to July 17, 2025. For the year, the company reported revenue of Rs. 378.22 lakhs, up from nil in FY 2023-24, as it began trading in food products and vegetables. It swung to a profit after tax of Rs. 10.80 lakhs from a loss of Rs. 21.91 lakhs previously, with EPS of Rs. 1.81. No dividend has been recommended. Resolutions include re-appointment of Director Manan Rajesh Patel (retiring by rotation) and appointment of M/s Maulik Bhavsar & Associates as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30). The secretarial audit noted a delayed Company Secretary appointment, for which the company paid a penalty of Rs. 1.40 lakh during the year.
This is a small-cap turnaround story: the company started generating revenue and returned to profit after a dormant year, which is a positive signal, though the absence of a dividend and minor SEBI compliance penalties are mild negatives. Shareholders should participate in the e-voting window from July 15-17, 2025 if they wish to vote on the resolutions.