We are submitting herewith Notice of 33rd AGM alongwith Annual Report for the financial Year 2024-25.
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Awaiting price reaction for this filing.
Kush Industries Ltd (formerly SNS Textiles Ltd) has filed the Notice of its 33rd Annual General Meeting and the Annual Report for FY 2024-25 with BSE. The AGM is scheduled for 30th September 2025 at 3:00 PM via video conferencing. Key items on the agenda include adoption of FY25 audited financials, re-appointment of Mrs. Kiran M. Virani as director (retiring by rotation), appointment of new statutory auditors M/s. P S S P & Co. for a 5-year term (replacing M/s. V H Gundarwala & Co.) at a fee of up to Rs. 50,000, and appointment of M/s. Nishant Pandya & Associates as secretarial auditors for 5 years from FY 2025-26 to FY 2029-30. Sales collapsed to Rs. 0.92 lakh from Rs. 66.32 lakh in the previous year, and the company posted a loss before tax of Rs. 5.21 lakh compared to a profit of Rs. 227.08 lakh (which included exceptional items of Rs. 231.40 lakh) in FY 2023-24. Accumulated losses stood at Rs. 2,209.41 lakh.
Routine AGM and annual report filing with no immediate price catalyst, but the near-total collapse in sales and continued losses highlight ongoing operational stress. Shareholders should review the financials carefully and note the change in statutory and secretarial auditors as part of standard governance.