Submission of 32nd Annual Report of the company Pursuant to Regulation 34(1) and Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Integrated Proteins Limited has submitted its 32nd Annual Report for FY 2024-25 along with the AGM notice to BSE. Revenue from operations jumped sharply to Rs 2,149.63 lakhs (vs Rs 23.74 lakhs in FY23-24) as the company shifted from solvent extraction of oilseeds to trading in agri commodities. Profit after tax rose to Rs 25.00 lakhs from Rs 8.93 lakhs. The Board has not recommended any dividend, aiming to conserve resources and write off accumulated losses. The company also significantly altered its main objects at an EGM held on December 30, 2024, expanding into Geomatics/GIS, infrastructure, electrical appliances, and solar energy systems. Authorized share capital was raised from Rs 4 crore to Rs 25 crore, and 2 crore convertible warrants were issued on a private placement basis.
Shareholders should note the company's pivot from oilseed processing into new areas like agri-commodity trading, GIS/Geomatics, infrastructure, and solar energy, along with a major increase in authorized capital and warrant issuance that could lead to equity dilution. The sharp revenue growth from a small base is notable, but no dividend has been declared.