Annual Report for financial year ended 31 December, 2024.
KSB · price
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KSB Limited (formerly KSB Pumps Limited) submitted its 65th Annual Report for the financial year ended 31 December 2024 to BSE and NSE. The 65th AGM is scheduled for Thursday, 15th May 2025 at 1:30 PM via video conferencing. The report includes audited standalone and consolidated financial statements, Board's Report, and the Business Responsibility & Sustainability Report (BRSR). Key agenda items include adoption of financial statements, declaration of dividend (record date: 2nd May 2025), re-appointment of Dr. Matthias Schmitz as director, appointment of Mehta & Mehta as Secretarial Auditors for 5 years (FY2025-FY2029), and ratification of cost auditor remuneration of Rs 5.10 lakh. Return on Net Worth improved to 18.03% in FY2024 from 17.48% in FY2023. The company highlighted growth in its solar pump business (7,000+ work orders, 5,900+ systems executed) and was awarded 'ESG Champion of India 2024'.
This is a routine regulatory filing with no material negative news. The improving RoNW trend (from ~12% in FY2020 to 18% in FY2024) reflects strengthening profitability. Shareholders should note the 2nd May 2025 record date for dividend eligibility. No actionable red flags identified in the filing.