Annual Report for the Financial Year 2024-25 is enclosed herewith.
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Jaihind Synthetics Ltd has submitted its Annual Report for FY 2024-25 and notice for the 38th Annual General Meeting to be held on September 30, 2025 at the registered office in Borivali East, Mumbai. Total income declined to ₹13.55 lakhs from ₹19.70 lakhs in the previous year, with profit after tax at ₹1.58 lakhs versus ₹1.94 lakhs, and accumulated losses of ₹33.72 lakhs carried forward. The Board is seeking shareholder approval to change the company's name to 'Jaihind Industries Limited' to reflect a broader business identity, though the core textile business remains unchanged. No dividend has been recommended for the year. The AGM will also consider the appointment of M/s. R.A. Gala & Associates as Secretarial Auditor for five consecutive years (FY25-26 to FY29-30).
For shareholders: The proposed name change signals a push to reposition beyond pure synthetics, but the small revenue base, declining top line, and accumulated losses suggest the company remains in a turnaround phase. NCLT approval for share capital reduction (per Directors' Report) could clean up past inadvertent allotments and potentially support future dividends, though none has been declared this year.