Annual Report for F.Y. 2024-25 is attached.
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Modella Woollens Ltd has filed its 63rd Annual Report for FY 2024-25 along with the notice for its 63rd AGM, scheduled for September 29, 2025 at 5:00 PM through video conferencing. The company reported another year of losses with no business activity; it only earned Rs. 6.67 lakh as other income (mainly professional fees and commission) against expenses of Rs. 23.97 lakh, resulting in a net loss of Rs. 17.22 lakh — wider than the Rs. 12.83 lakh loss in FY23-24. No dividend has been recommended. The AGM will consider three items: adoption of financial statements, re-appointment of Mrs. Alpa Shah (retiring by rotation), and appointment of M/s. DDB & Co. as Secretarial Auditors for a three-year term (FY 2025-26 to FY 2027-28). The company continues to operate with just three employees (CEO, CFO, CS) and is exploring new business avenues.
The widening loss and absence of core business activity indicate continued weak operations, which is negative for shareholders. However, the appointment of a new secretarial auditor and the board's stated intent to explore new business avenues offer some forward-looking signals, though no concrete plans or revenue revival are evident yet.