Notice of 8th AGM along with Annual Report for the year 2024-25
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Promax Power Ltd has submitted the notice for its 8th Annual General Meeting to be held on September 30, 2025 in Chandigarh, along with the Annual Report for FY 2024-25. The company reported its highest-ever operating revenue of ₹66.4 crore, with total revenue at ₹66.8 crore. Profit Before Tax nearly doubled to ₹312.8 lakh from ₹178.08 lakh in the previous year, while Profit After Tax grew around 70% year-on-year to a record ₹234.26 lakh. PAT margins improved to 3.5% from 2.27% in FY 2023-24. Over five years, revenue has expanded roughly 8.5 times and PAT has grown more than 40-fold. The AGM agenda includes adopting financial statements, reappointment of Managing Director Vishal Bhardwaj, and appointing a new secretarial auditor for a five-year term. The company also highlighted progress at associate companies — EV charger exports to the US via Promax PlugUp EV and carbon credit advisory via Promax CarbonTier.
Strong financial performance with record revenue and profits, along with margin expansion, signals healthy growth for shareholders. Diversification into EV charging, battery storage, and solar IPP models could support future earnings, though execution risks remain. The stock may see positive sentiment given the milestone-year results and clear growth trajectory.