Submission of Notice of 37th Annual General Meeting and Annual Report for the financial year 2024-2025
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Awaiting price reaction for this filing.
Panther Industrial Products has filed its 37th AGM notice and Annual Report for FY 2024-25 with BSE. The AGM is scheduled for September 30, 2025 at 9:00 AM at the registered office in Fort, Mumbai. Key agenda items include adopting audited financials, re-appointing Managing Director Kaushik Chhotalal Shah (who retires by rotation), appointing M/s Rajesh H. Gupta & Co as statutory auditor for five years, and appointing M/s Lalit Singhal & Associates as secretarial auditor for five years (FY 2025-26 to FY 2029-30). Financial results show a sharp deterioration, with revenue from operations falling to Rs. 19.87 lakh from Rs. 72.72 lakh in the previous year, and the company swinging to a loss of Rs. 45.77 lakh versus a profit of Rs. 9.66 lakh last year. The board has not recommended any dividend. Eleven board meetings were held during the year, and an EGM in March 2025 approved shifting the registered office to Gwalior, Madhya Pradesh. Remote e-voting facility is being provided via CDSL from September 27 to September 29, 2025.
This is primarily a routine regulatory filing combining AGM notice with the annual report. However, the financial details reveal significant weakness - revenue collapsed by roughly 73% year-on-year and the company slipped from profit to a sizeable loss. Shareholders should watch the AGM for management's recovery plan and clarity on the Gwalior office shift, as the weak results could weigh on sentiment for this small-cap stock.