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Awaiting price reaction for this filing.
Jagjanani Textiles has filed its Annual Report for FY2024-25 along with the notice for its 28th Annual General Meeting, scheduled for Saturday, September 27, 2025 at 2:00 p.m. via video conferencing. The company reported zero revenue from operations for the year, with other income falling sharply to Rs 9.65 lakh from Rs 399.68 lakh in FY24, resulting in a loss after tax of Rs 13.65 lakh compared to a profit of Rs 383.77 lakh in the previous year. Management noted the company is in the process of generating revenue following a takeover via open offer. No dividend has been recommended. Shareholders will also vote on (a) re-appointment of Mr. Shiv Kumar Singhal as director retiring by rotation, (b) appointment of M/s Utkarsh Shah & Co. as Secretarial Auditor for five years (FY25-26 to FY29-30), and (c) shifting the registered office from Rajasthan to Gujarat via a special resolution.
The shift from a Rs 383.77 lakh profit to a Rs 13.65 lakh loss, combined with zero operating revenue, signals serious operational challenges, though management attributes this to the ongoing open offer and change in control. The proposed relocation of the registered office to Gujarat and change in control via the open offer are material events that shareholders should track, as they may reshape the company's future business direction.