Notice of 44th Annual General Meeting of Shree Naramada Alumunium Industries Limited is to be scheduled to be held on Thursday 25th September 2025 at 11.00 A.M at Hotel Shalimar Station ....
Awaiting price reaction for this filing.
Shree Narmada Aluminium Industries has called its 44th AGM on Thursday, 25th September 2025 at 11:00 A.M. at Hotel Shalimar, Bharuch. Four items are on the agenda: (1) adoption of audited FY2024-25 financial statements, (2) re-appointment of Amrutaben Kantilal Patel as Director retiring by rotation, (3) re-appointment of Shakuntala Rajesh Chavan as Independent Director for a second 5-year term (Special Resolution), and (4) appointment of M/s. Saurabh Shukla and Associates as Secretarial Auditor for FY2025-26 to FY2029-30 (Ordinary Resolution). The company reported a Profit After Tax of Rs. 23.48 lakhs in FY25 versus a loss of Rs. 27.81 lakhs in FY24, but this profit came entirely from 'other income' (Rs. 43.78 lakhs) — there was zero revenue from operations because a court receiver has taken possession of the factory. No dividend has been recommended.
This is largely a procedural AGM for a company under severe financial stress — operations remain halted, the factory is in court receiver possession, and legal disputes over a 2008 rehabilitation scheme continue in the Supreme Court, Bombay High Court and DRT-III Mumbai. Shareholders should note the FY25 'profit' is non-operational and does not signal a business revival; the stock remains a high-risk situation.