Pursuant to Regulation 34 (1) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit the Annual report of the Company ....
Awaiting price reaction for this filing.
N D Metal Industries Ltd has filed its Annual Report for the financial year ended March 31, 2025, along with the notice for its 39th Annual General Meeting scheduled for September 30, 2025. Total income rose sharply to Rs. 140.96 lakhs from Rs. 88.51 lakhs in FY24, while profit after tax nearly doubled to Rs. 25.52 lakhs (FY24: Rs. 12.83 lakhs), driven mainly by income from non-operating sources. However, core revenue from operations actually declined to Rs. 5.06 lakhs from Rs. 5.86 lakhs due to 'market barriers'. The Board has not recommended any dividend, citing expansion plans, and is seeking shareholders' approval to reappoint Mr. Ajay Kumar Garg as Managing Director for another 5-year term. The statutory auditors (Suvarna & Katdare) issued an unqualified opinion. The filing also flags pending compliance items, including unpaid listing fees for FY25 and the absence of Independent Directors on the Board.
Profitability strengthened meaningfully with PAT almost doubling, though this was supported by non-operating income rather than core business growth. Operating revenue weakness and unresolved compliance gaps (listing fees, independent directors) remain concerns for shareholders to monitor, though governance issues are not financially material at present.