The 35th Annual General Meeting of the Company will be held on 25th September, 2025, we hereby enclose Notice of Annual General Meeting along with Annual Report of the Company.
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Mitshi India Ltd has filed its 35th Annual Report for FY 2024-25 along with the AGM notice. The 35th AGM will be held on Thursday, September 25, 2025 at 1:00 PM via video conferencing. Key financial highlights show a steep revenue drop from ₹2,023.69 lakhs in FY24 to ₹457.68 lakhs in FY25, while profit after tax fell sharply from ₹12.11 lakhs to ₹3.56 lakhs, with EPS at just ₹0.04. The directors have not recommended any dividend due to insufficient profits. Business now revolves around trading in fruits and vegetables plus some software work, with no manufacturing activity. The AGM will consider adopting audited financials, re-appointing Managing Director Kumar Vasantlal Shah (retiring by rotation), and appointing M K Samdani & Co as secretarial auditors for five years (FY26 to FY30).
Sharp decline in both revenue (~77% drop) and profits signals weak operational performance and could weigh on investor sentiment. No dividend means no income for shareholders. Secretarial audit flags governance issues including absence of SDD software, an independent director exceeding the 10-year tenure limit, and a prior late filing of financial results for which BSE penalty was paid, though management claims to be addressing these concerns.