Annual Report of the Company for the Financial Year 2024-2025
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The company filed its 38th AGM notice and annual report for FY2024-25, with the AGM scheduled for June 26, 2025 via video conferencing. The key business item is a proposed name change from 'Markobenz Ventures Limited' to 'Newtrac Foods & Beverages Limited', suggesting a business pivot toward the food and beverage sector. The company is also seeking shareholder approval to increase authorised share capital from Rs. 55 crore to Rs. 75 crore, appoint new directors, and appoint M/s. NKSC & Co as statutory auditor in place of M/s. S. Ramanand Aiyar & Co for a five-year term. The board saw significant churn during the year, with multiple director resignations and new appointments, including a new Managing Director Mr. Bhavin Yogesh Shukla taking over in July 2024. Financial statements were included by reference but actual numbers were not extracted in this filing.
For shareholders, the name change to a foods & beverages entity signals a strategic shift in business direction, which could attract new investor interest but also raises questions about the company's previous operations. The authorised capital increase and auditor change are routine governance items; shareholders should watch the actual FY25 financials in the full annual report for performance clarity.