We are submitting the Notice and Annual Report of the 32nd Annual General Meeting to be held on 19.09.2025 S Aravinthan Company Secretary
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Awaiting price reaction for this filing.
National Fittings Ltd has filed the notice and annual report for its 32nd AGM scheduled on 19 September 2025, to be held via video conferencing. For FY 2024-25, the company reported Total Income of Rs 81.10 crore (up 6% YoY), Profit Before Tax of Rs 26.24 crore (up 284% YoY), and Net Profit of Rs 23.30 crore (up 299% from Rs 5.84 crore in FY 23-24). EPS jumped to Rs 25.66 from Rs 6.43, and ROE improved to 28.78% from 8.6%. The board has proposed a dividend of Re 1 per share (total Rs 90.83 lakh), lower than the previous year's Rs 136.25 lakh. The strong profitability was largely boosted by exceptional gains of Rs 41.5 crore from the sale of the Thekkalur unit and Dindigul operations. A promoter transition has been announced and is awaiting regulatory clearance. Shareholders will also vote on the appointment of Mr M R L Narasimha as Secretarial Auditor for five years.
Strong FY25 earnings driven by one-time asset sale gains may not be sustainable, but improved margins and the incoming promoter with raw material expertise signal a focus on long-term efficiency. Lower dividend payout could mildly disappoint income-focused investors.