Annual Report for the financial year ended 31st March, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Millennium Online Solutions has submitted its 45th Annual Report for the financial year ended 31st March 2025, along with the notice for its 45th AGM to be held on 27th September 2025 via video conferencing. The company has reported pre-tax losses for three consecutive years: Rs. (9,69,730) in FY25, Rs. (9,13,921) in FY24, and Rs. (8,99,800) in FY23. The AGM notice includes resolutions for re-appointment of Mr. Harilal Singh as Whole-Time Director & CFO for 3 years (with remuneration up to Rs. 5,00,000/month), appointment of Mr. Nikunj Pancholi as Non-Executive Non-Independent Director, appointment of Ms. Renu Manendra Singh as Independent Director for 5 years, and appointment of M/s. HSPN & Associates LLP as Secretarial Auditors for a 5-year term. The company operates in the Computer Electronics and Hardware sector.
Shareholders should note that the company has been loss-making at the PBT level for three consecutive years, and management has acknowledged inadequacy of profits while seeking shareholder approval to pay managerial remuneration within Schedule V limits. No dividend appears to have been recommended. The director appointments and re-appointments are routine governance items and unlikely to move the stock significantly.