Please refer the attached file regarding the summary of the proceedings of the 30th Annual General Meeting (AGM) for F.Y. 2024-25 of the Company held on Thursday, September 25, 2025 through ....
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Logica Infoway held its 30th AGM on September 25, 2025 via video conferencing. For FY25, total revenue grew 4.5% to ₹1,114.95 crore, with EBITDA up 32.5% to ₹26.72 crore and PAT up 29.9% to ₹10.51 crore. The company pivoted from low-margin exports (down 26.2% to ₹147.9 crore) toward higher-margin domestic retail (up 52.4% to ₹173.6 crore), while Distribution (₹509 crore) and E-commerce (₹284.4 crore) continued to scale. The company raised ₹16.11 crore via preferential allotment in February 2025 and added 30 new retail stores, taking the total to 52 by March 31, 2025 (now 58 operational). Management guided for 90-100 stores by FY26 end, retail revenue growth of 50-60%, and a long-term vision of 400-500 stores over the next 4-5 years. Five resolutions were tabled, including adoption of financial statements, re-appointment of a director, and approval of material related party transaction limits for FY 2025-26.
Strong margin expansion (EBITDA up 32.5%, PAT up 29.9%) on the back of a deliberate shift to higher-margin retail should be viewed positively by shareholders, though low overall margins (~2-3% EBITDA) indicate this remains a thin-margin distribution-led business. The retail expansion plan is capital-intensive (₹250-300 crore over 4-5 years), and the AGM's approval of related party transaction limits for FY26 is worth monitoring. Voting results are awaited by September 27, 2025.