Dear Sir, As per Regulation 34 (1) of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015 (the Listing Regulations), please find the enclosed Annual Report for ....
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Neelkanth Rockminerals Ltd submitted its 37th Annual Report for FY2024-25, with the AGM scheduled for September 30, 2025. Revenue from operations was Rs. 0 (same as last year), while other income stood at Rs. 66.43 lakhs, yielding a profit of Rs. 19.55 lakhs (down from Rs. 24.03 lakhs in FY24). The Directors noted that the closure of the company's operating unit has posed a challenge and they are exploring alternate avenues to restart operations. Two new Independent Directors — Mr. Javerilal Nahar and Mr. Sumit Chhajer — are proposed for appointment, and Mrs. Shweta Vikash Kawar is being reappointed by rotation. No dividend has been recommended.
The company's core business remains shut with zero operating revenue, and survival depends on other income (Rs. 66 lakh) and the management finding a new business avenue — this is a clear red flag for shareholders. The auditor's qualification on audit trail non-enablement and absence of an internal auditor further weakens governance confidence, though the small profit keeps the company technically solvent for now.