Pursuant to Regulation 34(1) of SEBI (Listing Obligations and Disclosure Requirements ) Regulations, 2015 we submit herewith 40th Annual Report of the Company for the financial year 2024-25. Kindly ....
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Meenakshi Steel Industries Limited submitted its 40th Annual Report for the financial year ended 31 March 2025. Revenue from operations fell to Rs. 1,833.07 lakh from Rs. 2,182.34 lakh in the previous year, a decline of about 16%. Despite the revenue dip, the company swung back to profit, posting a profit before tax of Rs. 110.39 lakh versus a loss of Rs. 35.46 lakh last year, and profit after tax of Rs. 84.12 lakh versus a loss of Rs. 36.01 lakh. The company, which is engaged in financing and investment activities, transferred Rs. 16.82 lakh to the Special Reserve Fund under the RBI Act and did not recommend any dividend. The 40th AGM is scheduled for 30 September 2025, where shareholders will also vote on appointing two new independent directors and adopting a new set of Articles of Association.
The turnaround from loss to profit is a positive signal for shareholders, but the revenue decline and absence of a dividend suggest the recovery is still cautious. Investors should watch for sustained earnings improvement before expecting dividend payouts or strong stock price moves.