We, hereby submit the 33rd Annual Report for the financial year 2024-25 of the Company. Please take the same on you records.
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Awaiting price reaction for this filing.
Indo-City Infotech Limited has filed its 33rd Annual Report for FY 2024-25 ahead of its AGM scheduled for September 30, 2025. The company, which is registered as a non-deposit taking NBFC, reported total income of Rs. 82.37 lakh in FY25, sharply down from Rs. 2.10 crore in FY24 — a decline of roughly 61%. Profit before tax swung to a loss of Rs. 12.47 lakh from a profit of Rs. 46.16 lakh last year, and profit after tax turned negative at Rs. 125.91 lakh versus a profit of Rs. 38.78 lakh in the previous year. No dividend has been recommended. The board has also proposed changing the company name to reflect its finance business, and shareholders will vote on appointing M/s MARC & Co. as the new statutory auditor for a five-year term, replacing ASAT & Associates.
For retail investors, the filing highlights a sharp drop in revenue and a swing into loss, which is a negative signal for the stock. The auditor change and proposal to rename the company to a finance-focused identity suggest a strategic pivot, but the weak FY25 performance and absence of dividend may weigh on sentiment.