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Awaiting price reaction for this filing.
Netlink Solutions (India) Limited has filed its 40th Annual Report for FY 2024-25 along with the notice of its 40th AGM, scheduled for September 29, 2025 at 11:00 AM via video conferencing. The AGM will seek shareholder approval for adopting the audited financial statements, re-appointing Whole Time Director Mr. Minesh Modi (who retires by rotation), and appointing M/s. Malay Desai & Associates as the new Secretarial Auditor for a five-year term (FY 2025-26 to FY 2029-30) at a remuneration of Rs. 1 Lakh for the first year. Financial performance declined notably with total income falling to Rs. 935.94 Lakhs (from Rs. 1,251.51 Lakhs) and net profit after tax dropping to Rs. 535.32 Lakhs (from Rs. 919.90 Lakhs). The Board has not recommended any dividend. The filing also references an ongoing Open Offer for 26% of the company's voting share capital by Arix Capital Limited and two other acquirers, pursuant to SEBI Takeover Regulations.
For shareholders: revenue and profits have declined sharply year-on-year with no dividend declared, and an Open Offer for 26% of share capital is underway which could influence near-term stock price action. Investors should review the AGM agenda, particularly the auditor appointment and Open Offer terms, before the September 22, 2025 cut-off date for e-voting.