The 88th Annual general Meeting of the Company is scheduled to be held on Tuesday, September 30, 2025 through Video-conferencing. Enclosing herewith Annual Report For FY 2024-25 alongwith ....
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Prime Urban Development India Ltd has filed the 88th Annual Report (FY 2024-25) along with the notice for its 88th AGM, scheduled for Tuesday, September 30, 2025 at 11:00 am via video conferencing. The AGM agenda includes adopting audited financial statements, re-appointing Mr. Purusottamdas Patodia (who retires by rotation), appointing Mrs. Indira Devi Patodia as Whole-time Director for a 5-year term (special resolution), and altering the Main Object Clause of the MoA to add trading and investment in securities/goods (special resolution). On a standalone basis, the company swung to a profit after tax of Rs 132.36 lakhs in FY25 from a loss of Rs 211.37 lakhs in FY24, with total income rising to Rs 682.52 lakhs from Rs 475.17 lakhs. On a consolidated basis, PAT turned positive at Rs 124.94 lakhs versus a loss of Rs 207.07 lakhs earlier, though revenue from operations dropped sharply to Rs 358.76 lakhs from Rs 1,062.72 lakhs.
The standalone turnaround to profitability is a positive signal for shareholders, but the steep decline in consolidated revenue needs closer review. The proposed change in objects clause to add trading/investment business signals management's intent to diversify beyond real estate, which may expand growth avenues but also introduces new business and market risks.