ANNUAL REPORT FOR THE FINANCIAL YEAR 2024-2025
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Awaiting price reaction for this filing.
Pasari Spinning Mills has filed its 34th Annual Report along with the AGM notice, with the 34th AGM scheduled for September 27, 2025 via video conferencing. For FY 2024-25, total revenue stood at Rs. 68.66 lakh, slightly lower than Rs. 68.88 lakh in FY 2023-24, while profit after tax declined to Rs. 36.05 lakh from Rs. 42.53 lakh in the previous year. The company has discontinued production operations since FY 2010-11, made no sales during the year, and plans to lease out its factory premises. No dividend was declared. Shareholders will also vote on the re-appointment of Mrs. Poonam Gupta (wife of the Managing Director) and the appointment of M/s Vinay & Ashwini as Secretarial Auditors for a five-year term from FY 2025-26 to FY 2029-30.
A marginal decline in both revenue and profit, combined with continued dormancy in operations and no dividend, signals limited near-term value creation for shareholders. The shift toward leasing out the factory premises and the pending legal matters may affect future income, though the stock remains low-liquidity and is of interest mainly to existing shareholders.