Indian Toners & Developers Limited has submitted to BSE Limited 35th Annual Report of the company. (Letter attached)
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Indian Toners & Developers Ltd has submitted to BSE the notice of its 35th Annual General Meeting along with the Annual Report for FY 2024-25. The AGM is scheduled for Monday, 25th August 2025 at 2:30 p.m. at the registered office in Rampur, Uttar Pradesh. For FY25, revenue from operations stood at Rs. 15,299 lacs, down about 2.4% from Rs. 15,675 lacs in FY24, while profit after tax fell 14.15% to Rs. 2,244 lacs from Rs. 2,614 lacs, mainly hurt by a 17% drop in export sales and higher capital gains tax on mutual fund redemptions. Domestic sales grew modestly (about 2% in volume and 2.4% in value), while export markets suffered from weak demand and geopolitical issues. The company also completed a buyback of 4,58,268 equity shares at Rs. 450 per share, totaling about Rs. 20.62 crores, reducing paid-up equity capital from Rs. 10.85 crores to Rs. 10.39 crores. Shareholders will vote on confirming Rs. 4.50 per share interim dividend (45%) as final, re-appointment of Chairman Shri Sushil Jain, and appointment of M/s Mukesh Agarwal & Co. as Secretarial Auditor for five years from FY26.
Results are mixed — modest domestic growth was offset by a sharp export decline and a notable drop in earnings. However, the 45% dividend, a buyback at a premium price, and the 5-year extension of anti-dumping duty on black toner (favouring domestic producers) are positive structural signals for shareholders. Near-term stock movement is likely to track export recovery and sustainability of margins.