34th Annual Report for the Financial Year End 31st March, 2025.
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Mohite Industries Limited has filed its 34th Annual Report for FY 2024-25 along with the AGM notice to BSE. The 34th AGM will be held on Tuesday, 30th September 2025 at 11:00 AM at the registered office in Vadgaon, Kolhapur. On a standalone basis, revenue from operations grew ~28.5% to ₹13,485.41 lakhs (vs ₹10,494.50 lakhs last year), but net profit declined to ₹65.24 lakhs from ₹91.11 lakhs due to higher finance costs and depreciation. On a consolidated basis, revenue rose ~33.4% to ₹16,675.28 lakhs and net profit more than doubled to ₹543.37 lakhs (vs ₹234.68 lakhs). The company undertook a 10:1 stock split during the year, reducing face value from ₹10 to ₹1. No dividend has been recommended for FY 2024-25. The Secretarial Auditor flagged non-compliance with SEBI's Structured Digital Database (SDD) requirement under LODR Regulation 3, which the Board has acknowledged.
Mixed signals for shareholders — revenue growth is healthy but standalone profitability dipped and no dividend was declared, which may weigh on the stock. The stock split improves affordability and liquidity for small investors but standalone EPS dropped sharply to ₹0.03 (from ₹0.45, partly due to share count expansion). The SDD compliance lapse is a minor governance flag though the Board has committed to remediation. AGM outcome on September 30 will set the near-term direction.