Annual Report for the FY 2024-25
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Radhe Developers (India) Ltd, a Gujarat-based real estate company, filed its 31st Annual Report for FY 2024-25. The report includes a Chairman's message highlighting progress in residential and commercial projects amid sector tailwinds like PMAY and infrastructure spending. Key AGM agenda items include adoption of FY25 financial statements, re-appointment of a director, and re-appointment of Mr. Ashish Patel as MD & CEO for another 5-year term starting January 1, 2026. The company is also seeking member approval to appoint two new Independent Directors (Mr. Rajendra Patel and Mr. Dineshsingh Kshatriya) and a new Secretarial Auditor (M/s. Jalan Alkesh & Associates) for a 5-year term. Promoter group holds a significant stake, with Jahnavi Patel at 26.93% and Ashish Patel at 20.16%.
Shareholders should note the mid-year change in statutory auditor (from M/s. Parin Patwari & Co. to M/s. S Parth & Co.) due to the prior auditor's resignation, which is an important governance signal. The AGM is scheduled for September 23, 2025, and shareholders have a window to vote on key resolutions including director appointments and auditor ratification.