Annual Report for the FY 2024-25 is enclosed.
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Neopolitan Pizza and Foods Ltd has submitted its Annual Report for FY 2024-25 along with the notice for its 14th Annual General Meeting (AGM) scheduled for September 30, 2025 at 4:00 PM via video conferencing. Key financial highlights for FY24-25 show total income of Rs 5,126.10 lakhs (up from Rs 4,401.07 lakhs), but profit after tax fell sharply to Rs 40.64 lakhs from Rs 216.41 lakhs in the previous year. Profit before tax dropped to Rs 70.69 lakhs from Rs 283.29 lakhs, while effective capital rose to Rs 2,889.03 lakhs. The AGM agenda includes adopting the financial statements, appointing VSSB & Associates as statutory auditors for a five-year term, appointing two new independent directors (Mr. Ashokkumar N. Shah and Mr. Devesh Pathak), and re-appointing Mr. Mukund Purohit as Managing Director for three years at Rs 1.50 lakh per month.
Shareholders should note the significant year-on-year decline in profitability despite revenue growth, which may raise questions on margins and cost management. The re-appointment of the Managing Director and addition of new independent directors are routine governance items requiring shareholder approval at the AGM.