Notice of 37th AGM and Annual Report for FY 2024-25
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Krishna Filament Industries Limited has submitted the notice of its 37th Annual General Meeting and Annual Report for FY 2024-25 to BSE in compliance with SEBI LODR regulations. The AGM is scheduled for Tuesday, September 30, 2025 at 10:00 AM at the registered office in Boisar, Palghar, Maharashtra, with the cut-off date for voting eligibility set as September 19, 2025. The company reported no operational revenue during FY 2024-25 due to unavoidable circumstances, with only other income of Rs. 8.56 lakhs (up from Rs. 7.05 lakhs) and a marginal profit before tax of Rs. 0.56 lakhs, a turnaround from a loss of Rs. 2.21 lakhs in the prior year. No dividend has been declared owing to carried-forward losses, and the company carries outstanding unsecured loans of Rs. 284.65 lakhs. Business at the AGM includes adoption of financial statements, re-appointment of Mr. Bhupat Chaniyara as director (retiring by rotation), re-appointment of statutory auditors P R Agarwal & Awasthi for FY 2025-26, and appointment of M/s Mayank Arora & Co. as secretarial auditors for a five-year term.
For shareholders, this is a routine compliance filing with the AGM agenda largely administrative given the company's non-operational status. The persistent lack of business activity, negligible financials, and outstanding debt suggest limited near-term value drivers, though the company remains a going concern per auditor's report.