INTIMATION OF ANNUAL REPORT
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Naturewings Holidays Limited has filed its Annual Report for FY 2024-25 along with the notice for its 7th Annual General Meeting, scheduled for Monday, August 25, 2025 at 1:00 PM via video conferencing. The company reported revenue of Rs. 2,147.26 lakhs for FY 2024-25. Key business at the AGM includes adoption of audited financial statements, declaration of a dividend of Rs. 1.50 per equity share on a face value of Rs. 10, re-appointment of Mr. Shantanu Banerjee as a director liable to retire by rotation, and approval for an increase in remuneration of Managing Director Mr. Sandip Raha (to Rs. 2,30,000 per month) and Whole Time Director Mrs. Mousumi Raha (to Rs. 60,000 per month) as minimum remuneration for the remainder of their terms. The company is also seeking shareholder approval for a preferential issue of up to 4,99,200 equity shares at Rs. 75 per share, aggregating up to Rs. 3.74 crores, to 13 non-promoter allottees. Additionally, approval is sought for appointing Ms. Dibyava Raha as a Non-Executive Non-Independent Director. The record date for dividend eligibility is August 22, 2025.
Shareholders will see a Rs. 1.50 per share dividend if approved, but the preferential allotment of 4.99 lakh shares to non-promoters will dilute existing holdings and bring in Rs. 3.74 crores of fresh capital. The increase in managerial remuneration as 'minimum remuneration' (payable even if profits are inadequate) and the appointment of a director from the promoter family may be points worth noting for minority shareholders.