Kothari Sugars And Chemicals Limited has informed the Exchange regarding the Annual Report along with the Notice convening the 64th Annual General Meeting to be held on August 06, 2025
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Kothari Sugars and Chemicals has filed the notice for its 64th Annual General Meeting, scheduled for Wednesday, August 6, 2025, at 11:00 AM, to be held via Video Conferencing. The annual report shows a sharp decline in performance: revenue fell to ₹32,642 lakhs in FY25 from ₹61,850 lakhs in FY23, and net profit after tax dropped to ₹1,043 lakhs from ₹4,192 lakhs over the same period. EPS fell to ₹1.26 (from ₹5.06 in FY23), and the company has proposed a 5% dividend for FY25, unchanged from FY24 but lower than the 10% paid in FY23. Key agenda items include re-appointing Mr. Arjun B. Kothari as Managing Director for three years at a salary of ₹12 lakhs/month plus up to 5% of net profits as commission, appointing Mr. Abdul Kareem Sait as Independent Director, and ratifying the appointment of M/s. Alagar & Associates LLP as Secretarial Auditor for a five-year term.
The financial numbers show a significant business slowdown, with revenue nearly halving and profits dropping sharply over two years, which may weigh on near-term stock sentiment. The re-appointment of the promoter-led Managing Director and the modest dividend signal continuity, but shareholders will be watching the AGM for management's recovery roadmap and outlook on sugar, distillery, and co-generation segments.