The Annual Report of the Company for the financial year 2024-25 alongwith the Notice of 88th Annual General Meeting is available on Company's website i.e. www.ptlonline.com and is being ....
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Prime Urban Development India Ltd has filed its 88th Annual Report for FY 2024-25 along with the notice of its 88th Annual General Meeting (AGM), scheduled for Tuesday, September 30, 2025 at 11:00 am via video conferencing. The standalone financials show a sharp turnaround — total income rose to Rs. 682.52 lakh (from Rs. 475.17 lakh), and profit after tax was Rs. 132.36 lakh versus a loss of Rs. 211.37 lakh in FY 2023-24. Consolidated profit after tax stood at Rs. 124.94 lakh (vs a loss of Rs. 207.07 lakh). The AGM will seek shareholder approval for adopting the financial statements, re-appointing Mr. Purusottamdas Patodia as director (retiring by rotation), and appointing Mrs. Indira Devi Patodia (82 years old, wife of the Chairman) as Whole-time Director for 5 years at Rs. 25,000/month salary. A separate special resolution proposes altering the company's main objects clause to diversify into trading and investment activities in shares, debentures, bonds and derivatives. The company has three subsidiaries: ATL Textile Processors Ltd, New Line Buildtech Pvt Ltd, and Srivarsha Realtors Pvt Ltd.
The turnaround from loss to profit (both standalone and consolidated) is a positive signal, though absolute numbers are small. Shareholders should note the proposed diversification into trading and investment activities, which broadens the company's scope beyond real estate, and the appointment of a family member (Mrs. Indira Devi Patodia) as Whole-time Director — a routine but worth-watching governance point for a small-cap, family-run firm.