Annual Report for the Financial Year 2024-25 and Notice of 40th Annual General Meeting.
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Netlink Solutions (India) Limited submitted its 40th Annual Report for FY 2024-25 along with the notice for the 40th AGM, scheduled for September 29, 2025 at 11:00 a.m. via video conferencing. Total income fell to Rs. 935.94 Lakhs from Rs. 1,251.51 Lakhs in FY 2023-24, and net profit after tax dropped to Rs. 535.32 Lakhs from Rs. 919.90 Lakhs. The Board has not recommended any dividend for the year under review. Key AGM agenda items include adopting the audited financials, re-appointing Whole Time Director Mr. Minesh Modi by rotation, and appointing M/s. Malay Desai & Associates as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30) at a remuneration of Rs. 1 Lakh plus taxes. The Directors' Report also notes a Public Announcement dated May 6, 2025 for an Open Offer to acquire 6,57,599 equity shares (26% of voting capital) by Arix Capital Limited and two other acquirers.
Weaker earnings and absence of dividend may dampen short-term investor sentiment, while the disclosed open offer for a 26% stake could trigger near-term price volatility. Shareholders should review the AGM agenda, especially the auditor appointment and the open offer terms, before voting.