Annual Report for Financial Year 2024-2025
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Awaiting price reaction for this filing.
M Lakhamsi Industries has filed the notice for its 41st AGM to be held on Saturday, September 27, 2025, at 12:00 PM via video conferencing, along with the Annual Report for FY 2024-2025. The company reported standalone revenue from operations of Rs 10,815.88 lakhs in FY25, up from Rs 10,477.71 lakhs in FY24, while standalone profit for the year rose to Rs 73.65 lakhs (EPS Rs 1.24) from Rs 71.09 lakhs (EPS Rs 1.20). However, consolidated profit declined to Rs 62.02 lakhs from Rs 78.26 lakhs the previous year. The Board has not recommended any dividend for FY25 and will seek shareholder approval to re-appoint Mr. Sanjiv Mulchand Sawla as Managing Director for five years from July 27, 2024 to July 26, 2029, and to re-appoint Ms. Mallika Sanjiv Sawla (retiring by rotation). Shareholders will also note that on April 1, 2025 the company acquired 100% of Prince Industries Private Limited, which markets PVC pipes under the 'Prince Global' brand, marking a diversification beyond the existing agro-commodity business.
Modest standalone earnings growth but a dip in consolidated profits and no dividend may keep the stock unexciting for income-seeking investors. The Prince Industries acquisition opens a new PVC pipe segment that could support future revenue diversification, and the re-appointment of the promoter-led management provides continuity at the helm.