Please find attached herewith the notice of the 88th AGM, Annual Report for the financial year 2024-25 along with the statement of impact of audit qualifications.
KHAITANLTD · price
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Khaitan (India) Limited has submitted its Annual Report for FY 2024-25 along with the notice for its 88th Annual General Meeting scheduled for 25th September 2025 via video conferencing. The company reported strong financial performance with revenue from operations of Rs. 77.61 crores (up ~33% from Rs. 58.37 crores last year) and total income of Rs. 80.36 crores (up ~35%). Profit after tax nearly quadrupled to Rs. 6.98 crores from Rs. 1.34 crores in the previous year. The growth was driven mainly by the electrical goods division, while sugar division operations remain suspended due to high working capital and input costs. No dividend was declared to conserve resources for expansion. Key AGM resolutions include re-appointment of statutory auditor M/s K.C. Bhattacherjee & Paul for five years, appointment of new secretarial auditor, regularization of two new independent directors (Mrs. Pooja Kalanouria and Mrs. Ayushi Khaitan), approval for related party transactions with Ms. Vidita Khaitan up to Rs. 10 crores, and re-appointment of Mr. Sunay Krishna Khaitan as Whole Time Director with remuneration up to Rs. 5 lakh per month.
The four-fold jump in profit and 33% revenue growth signal a significant turnaround, primarily led by the electrical goods segment. However, the suspension of sugar operations and no dividend declaration may limit near-term shareholder returns. Shareholders should review the resolutions, especially the related party transaction approval and director remuneration, before the e-voting window closes on 24th September 2025.