The 40th Annual Report of Mefcom Capital Markets Limited for the Financial Year 2024-25 is enclosed.
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Mefcom Capital Markets submitted its 40th Annual Report for FY 2024-25, with the 40th AGM scheduled for September 27, 2025. On a standalone basis, total revenue declined to Rs. 20,669.86 Lakhs from Rs. 21,793.41 Lakhs in the previous year. The company swung to a net loss of Rs. 273.46 Lakhs (standalone) and Rs. 211.19 Lakhs (consolidated), compared to profits of Rs. 672.38 Lakhs and Rs. 845.37 Lakhs respectively last year. The losses were mainly due to a Rs. 545.14 Lakhs diminution in stock-in-trade valuation. No dividend has been recommended. On a positive note, the company revived its merchant banking business after over two decades, opened a new office at Nariman Point, Mumbai, and successfully completed the IPO of Globe Civil Projects Limited.
Shareholders will see the company report its first loss in recent years with no dividend payout, though the revival of merchant banking and a successful IPO mandate suggest management is actively rebuilding the business. The stock-in-trade write-down is a one-time drag, but ongoing revenue softness may keep the stock under pressure near-term.