Indef Manufacturing Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 12, 2025 at 4.30 p.m. through VC
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Indef Manufacturing Limited (listed as BAJAJINDEF on NSE, scrip code 544364 on BSE) has filed its 3rd Annual Report for FY 2024-25 along with the notice for its 3rd Annual General Meeting (AGM) to be held on Tuesday, August 12, 2025 at 4:30 PM via video conferencing. The company reported net sales of Rs 17,671.53 lakhs (slightly down from Rs 17,952.51 lakhs in FY24), but profit after tax rose about 26% to Rs 3,423.92 lakhs from Rs 2,714.71 lakhs, helped by higher other income of Rs 1,697.90 lakhs. EPS improved to Rs 10.70 from Rs 8.48, and book value per share rose to Rs 79.06. The company continues to have zero debt (debt-equity ratio of 0:1). Key agenda items at the AGM include adopting the financial statements, declaring a final dividend of Rs 2 per equity share (first such dividend since listing), re-appointing Chairman Shekhar Bajaj, ratifying the cost auditor's remuneration, and approving the appointment of Vandan Sitaram Shah as a Non-Executive Director following the exit of Nirav Nayan Bajaj from the board on May 27, 2025.
This is a routine AGM notice combined with the company's first annual report since its demerger from Hercules Hoists Limited. The 26% jump in profit after tax and the proposed maiden dividend of Rs 2 per share are positive signals for shareholders. With zero debt and improving profitability, the financial position looks healthy, though a slight decline in top-line sales is worth noting.