Submission of Notice of Annual Report 2024-25
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Magenta Lifecare Limited has submitted its Annual Report for FY2024-25 along with the notice for its 10th AGM, scheduled for Saturday, 27th September 2025 at 3:00 PM via video conferencing. Revenue from operations grew to Rs 1,018.35 Lakhs from Rs 876.28 Lakhs in the previous year, a rise of about 16%. However, profit before tax fell sharply to Rs 6.71 Lakhs from Rs 102.16 Lakhs, and profit after tax dropped to Rs 8.28 Lakhs from Rs 73.85 Lakhs. EPS declined to Rs 0.12 from Rs 1.52. The directors have not recommended any dividend, choosing to conserve resources for growth. The company successfully listed on BSE in June 2024 after an IPO oversubscribed by 983.19 times, raising Rs 700 Lakhs through a fresh issue. One ordinary resolution seeks reappointment of Mr. Vipinchandra Somalal Modi, who retires by rotation. The secretarial auditor flagged late filing of a quarterly deviation statement and non-filing of DPT-3, both described as administrative or oversight lapses.
Shareholders should note the steep fall in profits despite revenue growth, suggesting margin pressure and higher costs. The no-dividend decision is consistent with the post-IPO growth phase. The AGM is purely procedural, with the only voting item being a director's reappointment and adoption of accounts.