We are submitting herewith Notice of 33rd AGM and Annual Report 2024-25.
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Kush Industries Limited has filed its Notice of the 33rd Annual General Meeting along with the Annual Report for FY 2024-25. The AGM is scheduled for Tuesday, 30th September 2025 at 3:00 PM IST and will be held entirely through video conferencing (VC/OAVM). The business to be transacted includes adopting the FY25 audited financials, re-appointing Mrs. Kiran M. Virani (Director, holding 11,79,291 shares) who retires by rotation, appointing M/s. P S S P & Co. as new Statutory Auditors for 5 years (replacing M/s. V H Gundarwala & Co.), and appointing M/s. Nishant Pandya & Associates as Secretarial Auditors for FY 2025-26 to 2029-30. Financially, the company's sales collapsed from Rs. 66.32 lakh to just Rs. 0.92 lakh, and it reported a loss after tax of Rs. 5.21 lakh compared to a profit of Rs. 227.08 lakh in FY24 (which included exceptional items of Rs. 231.40 lakh). Accumulated losses stand at Rs. 2,209.41 lakh, indicating the company remains under financial stress.
The near-zero revenue and continued losses point to serious operational difficulties, though the AGM items are largely procedural (auditor changes and director re-appointment). Shareholders should watch the AGM for any management commentary on revival plans given the steep sales decline and high accumulated losses.