Annual Report for the Financial Year 2024-25 along with Notice convening the 12th Annual General Meeting.
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Innokaiz India Ltd has submitted its Annual Report for FY 2024-25 together with the Notice for its 12th AGM, scheduled for Saturday, September 20, 2025 at 10:00 a.m. in Chennai. The company reported total revenue of Rs. 975.01 lakhs, a steep drop of about 87.5% from Rs. 7,828.49 lakhs in FY 2023-24. It swung to a net loss of Rs. 407.44 lakhs, against a net profit of Rs. 210.24 lakhs in the previous year, while loss before tax was Rs. 408.90 lakhs (vs. a profit of Rs. 285.11 lakhs). The Board has not recommended any dividend for FY 2024-25 and there is no transfer to reserves. Share capital and the nature of business remain unchanged, and the statutory auditor's report carries no qualifications or adverse remarks. Non-Executive Director Mr. Kesavapathy (DIN: 09623665) is set to retire by rotation and seek re-appointment at the AGM.
Although this is a routine compliance filing, the numbers reveal a sharp deterioration in the business, with revenue shrinking to roughly one-eighth of the previous year and a return to losses. Shareholders should note the weak results, absence of any dividend, and the discontinuation of growth momentum before assessing the stock's prospects.