Notice of 43rd Annual General Meeting
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Kuber Udyog Limited has notified the 43rd Annual General Meeting scheduled for Monday, 29th September 2025 at 12:30 PM in Mumbai. The AGM will consider adopting FY2024-25 financial statements, re-appointing Managing Director Chetan Shinde (who retires by rotation), and re-appointing Independent Director Richa Dani for a second 5-year term (Sept 2025 to Aug 2030). The company's FY2024-25 results show total revenue declining to Rs. 43.47 Lakhs from Rs. 56.79 Lakhs the previous year, with profit after tax falling sharply to Rs. 3.29 Lakhs from Rs. 9.81 Lakhs. The Board has recommended no dividend in order to conserve resources for future growth. The company is an NBFC surrendering its NBFC license and diversifying into advisory IT services, banking regulatory consulting, and DEPB License trading.
Shareholders should note the significant decline in both revenue and profit compared to FY2023-24, and the absence of any dividend. The strategic shift away from NBFC operations into advisory and consulting services could reshape the company's future revenue profile but carries execution risk.