Notice of 38th Annual General Meeting alongwith the Annual Report of the Company for the Financial Year 2024-25.
Awaiting price reaction for this filing.
Sanghi Industries has submitted the notice for its 38th Annual General Meeting, scheduled for Thursday, June 26, 2025, at 4:30 PM via video conferencing, along with the Annual Report for FY 2024-25. The company, part of the Adani Group and a subsidiary of Ambuja Cements, reported revenue from operations of ₹969 crore, up 17% from ₹828 crore in the previous year. EBITDA before exceptional items improved to ₹106 crore from a loss of ₹75 crore, with the EBITDA margin rising to 10.5% from -9%. However, net loss widened to ₹498 crore from ₹449 crore, and the debt-equity ratio stands high at 4.06. The company operates India's largest single-location integrated cement plant in Kutch with 6.6 MTPA clinker and 6.1 MTPA cement capacity, and supplies exclusively to Ambuja Cements and ACC under a Master Supply Agreement. A merger with Ambuja Cements has been announced to unlock synergies.
Routine procedural filing with no immediate price impact, but the annual report reveals continued losses despite revenue growth and margin recovery. Shareholders should note the ongoing merger with Ambuja Cements, which could be a key catalyst, though the widening losses and high debt remain concerns.