RAJPALAYAM · price
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Awaiting price reaction for this filing.
Rajapalayam Mills Ltd has submitted its Annual Report for FY 2024-25 along with the notice for its 89th Annual General Meeting, scheduled for August 29, 2025 via video conferencing. The company swung to a loss of Rs 51.71 crores in FY 2024-25, compared to a profit of Rs 29.09 crores in the previous year, even as total revenue rose modestly to Rs 924.06 crores from Rs 875.79 crores. The board is proposing a reduced dividend of Rs 0.50 per share (down from Rs 0.60 last year and Rs 1.00 two years ago), with August 22, 2025 set as the record date. Shareholders will also vote on raising the company's borrowing limit to Rs 850 crores, continuing minimum remuneration of Rs 240 lakhs per annum for Managing Director P.V. Nirmala Raju citing 'inadequate profits,' and appointing a new secretarial auditor and cost auditor.
The sharp swing from profit to loss and the dividend cut are negative signals for shareholders. The continued minimum remuneration for the MD and the proposed higher borrowing limit indicate the company expects ongoing profitability pressure in the near term.