Annual Report for FY 2024-25.
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Niks Technology Limited (BSE SME, Scrip Code 543282) submitted its Annual Report for FY2024-25 and notice for the 11th AGM scheduled on 23rd September 2025. Total revenue jumped to ₹909.29 lakhs from ₹610.86 lakhs, a growth of about 49%. Profit before tax rose modestly to ₹64.31 lakhs (vs ₹61.39 lakhs), while net profit after tax was nearly flat at ₹45.05 lakhs (vs ₹44.50 lakhs). The company did not recommend any dividend. During the year, 75,000 equity shares were allotted on conversion of warrants (25,000 in July 2024 and 50,000 in March 2025), raising paid-up capital to ₹50 lakhs. The auditor's report is clean with no qualifications or adverse remarks. Shareholders will vote on re-appointment of statutory auditors M/s. Jay Gupta & Associates for a second 5-year term, re-appointment of Managing Director Manish Dixit for 5 years, and approval of material related party transactions with Ved Prabha Aerospace Private Limited up to ₹50 crores for FY2025-26.
Strong top-line growth of around 49% is a positive signal, but bottom-line growth was marginal at ~1%, indicating significant cost pressure as total expenses grew faster than revenue. The large proposed related party transaction limit of ₹50 crores with a group company (Ved Prabha Aerospace) warrants shareholder attention even though it is described as arm's length.