Enclosed please find the revised corporate announcement along with clarifications and explanation for delay pertaining to submission of proceedings of AGM held on 29.09.2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Narendra Properties held its 30th AGM on September 29, 2025, via video conferencing. The company submitted the AGM proceedings to BSE one day late (on September 30, 2025), prompting a clarification email from the exchange on October 3, 2025; management blamed an inadvertent oversight and assured future compliance. Financial results disclosed at the AGM show a steep decline, with total income falling to Rs 902.27 lakhs from Rs 1,949.03 lakhs and profit after tax dropping to Rs 92.35 lakhs from Rs 224.65 lakhs year-on-year. A dividend of Re. 1 per share (10% on face value of Rs 10) was proposed, and four ordinary resolutions were approved, including adoption of financial statements, re-appointment of Mr. Mahendra K Maher as director, and appointment of M/s Sneha Jain & Associates as secretarial auditors for five years.
The one-day delay in filing AGM proceedings is a minor compliance lapse unlikely to move the stock, but investors should note the sharp ~54% drop in revenue and ~59% fall in profit after tax. The 10% dividend and clean audit report provide some reassurance, though the company's shrinking top line is a concern.