Pursuant to Regulation 34(1) of SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015, we submit herewith 37th Annual Report for the financial year 2024-25. Kindly take ....
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Kajal Synthetics & Silk Mills Ltd has submitted its 37th Annual Report for the financial year ended March 31, 2025. Revenue from operations collapsed to just Rs. 0.74 lakh (from Rs. 6.41 lakh in FY24), while the company reported a standalone loss before tax of Rs. 214.97 lakh, slightly improved from the Rs. 251.20 lakh loss in the previous year. On a consolidated basis, including share of losses from associates, the net loss widened to Rs. 306.69 lakh. No dividend has been recommended due to the ongoing losses. The AGM is scheduled for September 29, 2025, with key agenda items including re-appointment of the Managing Director, appointment of two new Independent Directors, adoption of a new set of Articles of Association, and appointment of a Secretarial Auditor for five years. The company is in the financing and investment business and holds two associate companies, both of which are loss-making.
Shareholders should note the continued losses and near-zero operating revenue, indicating the core business is not generating meaningful income. The appointment of new independent directors and housekeeping items like adopting a new AoA are routine governance matters and unlikely to impact stock price. Lack of dividend and weak financials may continue to weigh on investor sentiment.