Annual report for financial year 2023-24
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Panth Infinity Ltd has submitted its 31st Annual Report for FY 2023-24 to BSE, covering the period ended 31 March 2024. Revenue from operations dropped sharply to Rs. 472.03 lakh from Rs. 1,573.51 lakh in the previous year — a decline of roughly 70%. The company reported a net loss of Rs. 55.18 lakh, narrower than the Rs. 223.54 lakh loss in FY 2022-23, helped by a much smaller write-off of capital work-in-progress. No dividend was recommended, and the company has seen several board changes during the year, including the appointment of new directors and a new Company Secretary. The 31st Annual General Meeting is scheduled for 30 October 2024.
The steep revenue fall and continued losses are red flags for shareholders, though the smaller loss suggests some cost discipline. Investors should watch for signs of a business revival and monitor upcoming quarterly results closely.