SUBMISSION OF ANNUAL REPORT FOR THE FINANCIAL YEAR 2024-25
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Awaiting price reaction for this filing.
Palm Jewels Limited has filed its 20th Annual Report for FY 2024-25 with BSE (Scrip Code: 541444). Total income rose to Rs. 18,978.02 lakhs from Rs. 16,063.11 lakhs in FY 2023-24, a growth of about 18%. Profit after tax improved to Rs. 54.30 lakhs from Rs. 33.92 lakhs, up roughly 60% year-on-year, while net profit before tax stood at Rs. 71.15 lakhs (vs Rs. 45.74 lakhs). The Board has not recommended any dividend for the year. The 20th Annual General Meeting is scheduled for September 30, 2025, at 3:00 PM via video conferencing, where shareholders will vote on adopting the financial statements, re-appointing Mr. Rohit D Shah as Managing Director and Mr. Saunil R Shah as Whole Time Director for five years each, and approving M/s. Neelam Somani & Associates as Secretarial Auditors for FY 2025-26 to FY 2029-30.
Higher revenues and a ~60% jump in profit after tax signal improving operational performance for shareholders. However, no dividend declaration may be a mild disappointment for income-seeking investors. Leadership continuity through MD and WTD re-appointments provides stability, while the new secretarial auditor appointment is a routine compliance step.