Notice of 30th Annual general Meeting along with Integrated Annual Report of the Company for the financial year 2024-25.
PRAVEG · price
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Praveg Ltd has notified its 30th Annual General Meeting scheduled for August 12, 2025 at 12:30 p.m. via video conferencing, with August 5, 2025 set as the cut-off date for e-voting eligibility. The Integrated Annual Report for FY24-25 is being sent to shareholders only through electronic mode. On a consolidated basis, total income jumped about 84% to Rs. 174.43 crore from Rs. 94.55 crore, while net profit grew 23.4% to Rs. 16.13 crore. The Board has recommended a final dividend of Rs. 1 per share (10%) subject to shareholder approval at the AGM. Key developments during the year include expansion of operational resorts from 4 to over 15, adding 600-plus rooms, a Taj SeleQtions brand partnership with IHCL for the Lakshadweep property, and acquisitions of 51% stakes each in two advertising firms.
Strong revenue growth, aggressive portfolio expansion, and brand partnerships signal positive momentum for long-term shareholders, while the 10% dividend offers a direct return. The pending merger of Eulogia Inn and ongoing capital raises through preferential issues may dilute existing shareholders, so investors should watch per-share earnings closely in coming quarters.