Pursuant to Regulation 34 of SEBI Listing Regulations, we are enclosing herewith the Annual Report of the Company for the financial year ended March 31, 2025 ('Annual Report')
Awaiting price reaction for this filing.
BLS Infotech has submitted its 40th Annual Report for FY 2024-25 to BSE and notified shareholders about the 40th AGM on Thursday, August 28, 2025 at 9:00 AM in Kolkata. The company's total income fell sharply to Rs. 14.02 Lacs from Rs. 23.17 Lacs in the previous year, though profit before tax edged down only slightly to Rs. 0.47 Lacs (vs Rs. 0.54 Lacs), resulting in a net profit of Rs. 35,000 (vs Rs. 40,000). The company has not declared any dividend and carries accumulated losses of Rs. 303.25 Lacs. The AGM will also seek shareholder approval for appointing two new Independent Directors (Mr. Vipson Jain and Mr. Sanjay Rawka), one Non-Executive Director (Mr. Anand Sushil Kothari), statutory auditors M/s Arun Jain & Associates for 5 years, and a new secretarial auditor. The company noted that trading of its shares on stock exchanges remains suspended due to penal reasons, with an application for revocation pending.
Routine annual filing with no material business impact; however, the continued share trading suspension, declining revenue, and large accumulated losses remain key concerns for shareholders. The AGM resolutions are largely procedural governance matters.