Notice of the Annual General Meeting with annual report of the Company attached herewith.
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Ontic Finserve Limited has filed its AGM notice along with the Annual Report for FY 2024-25. The AGM is scheduled for Tuesday, 30th September 2025 at 1:00 PM at the registered office in Ahmedabad. The company reported a major turnaround with Gross Income rising sharply to Rs. 202.23 lakhs (from Rs. 16.17 lakhs in FY23-24) and Net Profit After Tax of Rs. 131.34 lakhs, compared to a loss of Rs. 274.63 lakhs in the previous year. The Board has not recommended any dividend to conserve resources. Key agenda items include adoption of audited financial statements and appointment of new statutory auditors M/s Nirav S Shah & Co for a five-year term (FY 2025-26 to FY 2029-30), replacing M/s K M Chauhan & Associates who resigned on 14th August 2025. E-voting window is open from 27th September to 28th September 2025, with cut-off date of 19th September 2025.
Shareholders should note the significant business turnaround from a loss-making year to a profit of Rs. 131.34 lakhs, though no dividend is being declared. The auditor change and multiple compliance lapses flagged in the Secretarial Audit (no Managing Director, no Internal Auditor, missing newspaper advertisement, audit report not signed by CS/CFO, director retirement non-compliance) indicate governance concerns that investors should monitor.