Notice convening the 40th Annual General Meeting of the company for the financial year 24-25.
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Mayur Leather Products has called its 40th AGM on September 27, 2025, at 1:00 PM in Jaipur, along with the Annual Report for FY 2024-25. The company swung from a loss to a small profit — standalone net profit of ₹9.05 Lakh versus a ₹59.13 Lakh loss last year, on total income rising from ₹53.37 Lakh to ₹173.94 Lakh (mostly from selling old assets, not active manufacturing). Consolidated net profit was a thin ₹2.98 Lakh versus an ₹87.19 Lakh loss previously. BSE revoked its compulsory delisting order in August 2024 and trading has resumed. No dividend was declared due to past losses. The board went through major reshuffling — two new independent directors (Sharad Vyas, Jyoti Soni) and a new Company Secretary were appointed, while one director resigned mid-year.
For shareholders, the profit turnaround is more of an accounting recovery than genuine business revival — auditors flagged serious going-concern doubts, including that the company has no active manufacturing, its land was auctioned by Canara Bank, and income tax returns haven't been filed since FY 2022-23. Resumption of BSE trading is positive for liquidity, but the stock remains a high-risk micro-cap pending actual operational revival.