Annual Report of the Company for the Financial Year 2024-2025
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Rajnish Wellness Limited has filed its 10th Annual Report for FY 2024-2025 along with the AGM notice. The 10th AGM is scheduled for September 30, 2025, at 12:30 PM via video conferencing. Key financial highlights show total income fell to Rs. 4,908.49 lakhs from Rs. 7,668.46 lakhs in the previous year (a decline of about 36%), while net profit dropped sharply to Rs. 17.30 lakhs from Rs. 103.32 lakhs (down about 83%). No dividend has been proposed. The board approved a Rights Issue of up to Rs. 49.90 crore during the year. Shareholders will be asked to ratify related party transactions of Rs. 8.28 crore with Rajnish Retail Limited, approve RPTs up to Rs. 10 crore for FY26, and approve unsecured loans from the Managing Director (up to Rs. 25 crore) and CFO (up to Rs. 10 crore). HSPN & Associates LLP is proposed to be appointed as Secretarial Auditor for five years (FY26–FY30), and Ms. Saloni Mehra will be re-appointed as Director.
The steep fall in revenue and profit is a red flag for shareholders, though it is partly being addressed by a planned Rs. 49.9 crore Rights Issue to strengthen the balance sheet. The large proposed unsecured loans from the MD and CFO, along with related-party transactions exceeding Rs. 40 crore in aggregate, raise governance concerns that investors should track closely at the AGM.