Pursuant to the provisions of Regulation 34(1) of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements), 2015 ('SEBI Listing Regulations'), we hereby ....
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Maiden Forgings Limited submitted its Annual Report for FY 2024-25 along with the 20th AGM notice to BSE under SEBI LODR Regulation 34(1). Revenue from operations stood at Rs. 21,290.69 lakhs, down from Rs. 23,609.54 lakhs in FY24, while profit after tax fell to Rs. 604.91 lakhs from Rs. 972.01 lakhs, a decline of about 38%. Exports contributed Rs. 530.47 lakhs during the year. The Board did not recommend any dividend, citing the need to strengthen the company's financial position, and no amount was transferred to reserves. The 20th AGM is scheduled for September 30, 2025 at 11:30 AM via video conferencing, where shareholders will consider adoption of financial statements, reappointment of Managing Director Mr. Nishant Garg (retiring by rotation), and ratification of cost auditor remuneration of Rs. 75,000. During the year, authorized share capital was increased from Rs. 15 crore to Rs. 20 crore, though paid-up capital remained unchanged at Rs. 14.21 crore. The company is listed on the BSE SME platform with Scrip Code 543874.
This is a routine annual report filing for regulatory compliance, but the year-on-year decline in both revenue (~10%) and profit (~38%), combined with no dividend, signals a weaker financial performance. Shareholders may want to review the full annual report for management's outlook and growth plans before the AGM on September 30, 2025.