Pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we herewith enclose the Annual Report for the Financial year 2024-2025.
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IP Rings Limited has submitted its Annual Report for FY 2024-25 to BSE under SEBI LODR Regulation 34(1), along with the notice for its 34th AGM scheduled for August 21, 2025 at 11:30 AM via video conferencing. The company's sales declined to Rs. 30,337.55 lakhs from Rs. 31,671.88 lakhs in the previous year, while losses widened to Rs. 319.79 lakhs from Rs. 273.14 lakhs, reflecting weak US Light Vehicle demand that hit its key export market. EPS turned more negative at Rs. (2.52) versus Rs. (2.15), and no dividend was declared for the second consecutive year. Key AGM agenda items include the re-appointment of Managing Director Mr. A. Venkataramani for three years, appointment of Mr. R. Mukundan as Secretarial Auditor for five years, adoption of new Articles of Association, and ratification of cost auditor remuneration of Rs. 1.65 lakhs.
Continued losses, a second straight year without dividends, and weak export demand are negative signals for shareholders. Investors should weigh the management re-appointment and absence of near-term recovery cues before taking fresh positions in the stock.