Precot Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 20, 2025
PRECOT · price
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Precot Limited has filed the notice for its 63rd Annual General Meeting (AGM) scheduled for August 20, 2025, via video conferencing, along with the 63rd Annual Report for FY 2024-25. The company posted revenue from operations of ₹86,819 lakhs (up from ₹84,060 lakhs), EBITDA of ₹11,525 lakhs (up sharply from ₹7,907 lakhs), and net profit of ₹3,289 lakhs (nearly doubling from ₹1,678 lakhs). The Board has recommended a dividend of ₹3 per share (30% on face value of ₹10). The company shut down its loss-making Hindupur (Andhra Pradesh) spinning unit and plans to add 8,400 spindles to its Kanjikode (Kerala) unit, while the technical textile division performed well.
Shareholders will vote on the dividend and re-appointment of Chairman, Vice Chairman, Executive Director and Director-Technical Textiles at the AGM. The strong earnings jump and decision to exit the persistently loss-making Hindupur unit are likely to be viewed positively by investors as the company focuses on profitability.