Annual Report for the financial year 31st March, 2025.
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Awaiting price reaction for this filing.
Magnanimous Trade & Finance Ltd (BSE Scrip: 512377, MAGANTR) submitted its 40th Annual Report for the financial year ended 31 March 2025 along with the 40th AGM notice, scheduled for 30 September 2025. Revenue from operations (including other income) dropped sharply from Rs. 37.17 crore in FY24 to Rs. 10.80 crore in FY25, a fall of roughly 71%. Profit after tax also declined steeply from Rs. 1.83 crore to Rs. 46.88 lakh, a drop of about 74%. The company liquidated its entire stake in associate Amber Mercantiles Limited and has no subsidiaries or associates as of March 2025. Statutory auditors were changed from Gupta & Shah to KPCM & Co due to a casual vacancy, and both the CFO (Ankit Poddar) and Company Secretary (Rakesh Pawar) resigned on 7 August 2025. No dividend was recommended for FY25.
Sharp declines in revenue and profitability, the auditor change, and the resignation of the CFO and Company Secretary point to serious operational and governance stress. Shareholders may view this filing negatively, and the stock could come under selling pressure until the company shows signs of stabilising its earnings.