This is to inform you that the Annual Report for the Financial Year 2024-2025, earlier submitted by the Company, contained certain clerical errors due to an inadvertent oversight. we are ....
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Misquita Engineering Ltd has submitted a revised Annual Report for FY 2024-2025 after discovering certain clerical errors in the original report, attributed to an inadvertent oversight. The report shows revenue from operations of Rs. 1,199.40 Lakhs, a 19.13% increase over the previous year's Rs. 1,006.85 Lakhs. The company returned to profitability with a Profit After Tax of Rs. 19.81 Lakhs, compared to a loss of Rs. 28.81 Lakhs in FY 2023-24. No dividend has been recommended. The 27th Annual General Meeting is scheduled for September 30, 2025 in Goa, with resolutions including director re-appointments and the appointment of M/s Jaymin Modi & Co. as secretarial auditors for a five-year term.
The revision is an administrative correction for clerical errors and is unlikely to materially affect shareholders. The swing from loss to profit is a positive sign for the small-cap precision components maker, though no dividend is being paid.