Submission of Notice of 40th AGM for the Financial Year 2024-25 scheduled to be held on Tuesday 2nd September, 2025 at 03:30 P.M. (IST) through Video Conferencing(VC)/Other Audio Visual Means(OAVM)
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Nirav Commercials Ltd has called its 40th AGM on Tuesday, 2 September 2025 at 3:30 PM, to be held entirely through video conferencing. Key agenda items include adopting the FY25 audited financials, re-appointing Director Lalit Kumar Daga (who retires by rotation, age 83, father of MD Raghav Daga), re-appointing statutory auditors M/s Suryaprakash Maurya & Co for a second 5-year term till the 45th AGM in 2030, and appointing Dash Dwivedi & Associates LLP as new secretarial auditors for 5 years (FY26–FY30). FY25 results were weak: total revenue fell to Rs 10.56 crore from Rs 11.33 crore, and profit after tax dropped sharply to just Rs 0.04 crore from Rs 0.32 crore, with EPS shrinking to Rs 1.11 from Rs 8.18. No dividend has been recommended for FY25. E-voting opens 29 August and closes 1 September 2025.
The steep fall in profits, vanishing PAT, and absence of a dividend may dampen investor sentiment, though net worth remains stable around Rs 30.47 crore. Apart from the FY25 earnings disappointment, the agenda is largely routine — director re-appointment and auditor changes are unlikely to move the stock meaningfully.