Pursuant to Regulation 30 and 34 of SEBI (LODR) Regulations, 2015 read with Schedule III of the said Regulations, we submit herewith Annual Report for the Financial Year 2024-25 ending ....
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Awaiting price reaction for this filing.
Libord Finance has submitted its 31st Annual Report for FY 2024-25 along with the AGM notice to BSE. Total income rose modestly to Rs. 126.93 lakh from Rs. 122.48 lakh, up about 3.6%, mainly due to higher interest income. However, the company swung to a net loss of Rs. 54.17 lakh compared to a profit of Rs. 19.90 lakh in the previous year, citing higher operational costs. No dividend has been recommended for shareholders. The 31st AGM is scheduled for September 25, 2025 at 12 noon via video conferencing, with e-voting through NSDL. Key agenda items include re-appointment of Mr. Nawal Agrawal (retiring by rotation) and the appointment of M/s S. Dak & Associates as Secretarial Auditors for five years. The company also reported that Libord Brokerage and Libord Advisors ceased to be its associate companies during the year.
Shareholders should note the sharp swing from profit to loss and the absence of any dividend this year, which is a negative signal for income investors. The filing is largely a routine regulatory submission, so no immediate stock price catalyst is expected from the announcement itself.