We enclose the proceedings of the 30th Annual General Meeting held on 29.09.2025 at 9.05 AM and the Chairman''s speech delivered thereat.
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Narendra Properties Ltd held its 30th Annual General Meeting on 29th September 2025 via video conferencing. For the financial year ending March 2025, the company reported Total Income of Rs 902.27 lakhs, down sharply from Rs 1,949.03 lakhs in the previous year, while Profit after Tax fell to Rs 92.35 lakhs from Rs 224.65 lakhs. The board proposed a dividend of Re. 1 per equity share (10%) subject to shareholder approval. The company commenced a new commercial project in Chennai and is evaluating additional projects to expand its portfolio. Four ordinary resolutions were tabled covering financial statement adoption, dividend declaration, director re-appointment, and appointment of new secretarial auditors for a 5-year term.
Shareholders should note the sharp year-on-year decline in both revenue and profitability, though the continued 10% dividend and new commercial project launch signal management confidence in future growth. The voting results, due by 1st October 2025, will confirm approval of the dividend and other resolutions.