Submission of Annual Report for FY 2024-25 and Notice of 40th Annual General Meeting
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Nirav Commercials Ltd has submitted its Annual Report for FY 2024-25 along with the notice for its 40th AGM, scheduled for 2nd September 2025 at 3:30 PM via video conferencing. The company's total revenue for FY25 stood at Rs. 10.56 crore, down from Rs. 11.33 crore in FY24, marking a decline of roughly 6.8%. Profit after tax (PAT) fell sharply to Rs. 4.35 lakh from Rs. 32.06 lakh in the previous year. The Board has not recommended any dividend for the year. The agenda includes re-appointment of Shri Lalit Kumar Daga as Director (retiring by rotation), re-appointment of Statutory Auditors M/s Suryaprakash Maurya & Co for a second five-year term, and appointment of Dash Dwivedi & Associates LLP as Secretarial Auditors. Both the Statutory and Secretarial Audit Reports are clean, with no qualifications or adverse remarks.
Shareholders should note the sharp drop in profitability (PAT down ~86% year-on-year) and absence of any dividend, which reflects weak earnings. The clean audit report and continued going-concern status are positive, but declining margins and revenue may weigh on near-term investor sentiment given the company's small scale of operations.