Annual Report for the year 2024-25 including Notice of 41st Annual General Meeting of the Company
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Paul Merchants Ltd has filed its 41st Annual Report for FY 2024-25 along with the AGM notice to BSE. The 41st AGM is scheduled for September 19, 2025 at 12:00 noon, to be held through video conferencing. On a standalone basis, the company reported gross revenues from operations of Rs. 3,328.58 crores, net profit before tax of Rs. 8.24 crores, and net profit after tax of Rs. 5.91 crores for the year ended March 31, 2025. EPS stood at Rs. 19.16, a sharp drop from Rs. 84.71 in the previous year, indicating a steep year-on-year decline in profitability. Key AGM items include re-appointment of Statutory Auditors M/s Rajiv Goel & Associates for a second 5-year term, re-appointment of Mr. Inder Sain Negi as Independent Director, and appointment of a new Secretarial Auditor.
The sharp fall in net profit and EPS compared to FY 2023-24 is a red flag that may concern investors, even though the business remains profitable. Shareholders should review the full annual report and Directors' Report for context on what drove the earnings contraction before drawing conclusions on the stock's outlook.