In terms of Regulation 34 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached Annual Report of Sagar ....
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Sagar Diamonds Limited has submitted its Annual Report for the financial year ended March 31, 2025 to the BSE SME Platform. The company reported zero revenue from operations for the second consecutive year, with only Rs. 71.98 lakhs in other income. The company posted a net loss of Rs. 177.76 lakhs, sharply narrower than the Rs. 7,635.74 lakhs loss in FY24. No dividend has been recommended, with the board citing planned business growth. The 10th AGM is scheduled for September 30, 2025, with resolutions to appoint Mr. Samson Charles William as Director and Ms. Manjula Poddar as Secretarial Auditor for a five-year term. Statutory and secretarial audit reports carry no qualifications or adverse remarks.
Zero operating revenue and continuing losses remain a serious concern for shareholders, though the dramatic narrowing of losses year-on-year is a notable positive. Investors should watch closely for a restart of the company's core diamond and jewellery business to drive a sustainable recovery.