Annual Report for the financial year 2024-25 of the company.
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Quality RO Industries Limited (BSE Scrip Code: 543460, listed on BSE SME platform) has submitted its Annual Report for FY 2024-25 along with the Notice of its 4th AGM, scheduled for Tuesday, 30th September 2025 at 11:00 AM at its registered office in Vadodara. The AGM agenda includes adoption of audited standalone and consolidated financial statements for the year ended 31 March 2025, re-appointment of Mrs. Damini Dholiya (Whole Time Director and wife of MD Mr. Vivek Dholiya) who retires by rotation, and approval of related party transactions with two proprietorship firms linked to the promoters: Jay Ambe Trading (up to Rs. 5 crore, about 31.24% of consolidated turnover) and Jay Ambe Transport (up to Rs. 3 crore, about 18.74% of turnover), both for FY 2025-26 for purchase/sale of building materials. Additionally, the company seeks shareholder approval to appoint M/s Dilip Swarnkar & Associates as Secretarial Auditor for a 5-year term (FY 2025-26 to 2029-30) and to regularize the appointment of Mr. Aayush Kumar Bharodiya as Non-Executive Independent Director for 5 years. A new independent director, Mr. Aayush Kumar Bharodiya, was appointed on the board on 3 September 2025.
Shareholders should review the audited financials and the proposed related party transactions with promoter-linked firms (totaling up to Rs. 8 crore for FY 2025-26) before voting at the AGM on 30 September 2025. While the transactions are described as at arm's length and routine, the significant size relative to turnover (~50% combined) warrants close scrutiny; approval of these resolutions is being sought from members.