Enclosed please find the revised corporate announcement along with explanation and clarification on delay in submission of the proceedings of the AGM and Chairman''s speech
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Narendra Properties Ltd held its 30th Annual General Meeting on 29 September 2025 via video conferencing. The company's Managing Director, Mr. Chirag N Maher, presented the Chairman's speech and reviewed the financial year 2024-25 results. Total income fell sharply to Rs 902.27 lakhs from Rs 1,949.03 lakhs in the previous year, while profit after tax dropped to Rs 92.35 lakhs from Rs 224.65 lakhs. The board proposed a dividend of Re. 1 per equity share (10%) for FY25. Four ordinary resolutions were tabled covering adoption of financial statements, dividend declaration, reappointment of Mr. Mahendra Kanchanlal Maher as director, and appointment of M/s Sneha Jain & Associates as Secretarial Auditors for five years. The auditors, Sanjiv Shah & Associates LLP, issued an un-modified (clean) report. Separately, the company submitted a revised filing to BSE explaining a one-day delay in submission of the AGM proceedings, attributing it to inadvertent oversight and pledging to avoid future lapses.
Shareholders should note the steep decline in both revenue and profits year-over-year, though the 10% dividend provides some returns. The delayed disclosure is a minor compliance lapse that may raise short-term governance concerns but is unlikely to materially affect the stock price on its own.