Pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are submitting herewith the Annual Report of the Company for the financial ....
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Regis Industries Ltd submitted its 43rd Annual Report for FY 2024-25 to BSE and the Calcutta Stock Exchange. Total income rose to ₹1,670.04 lakhs from ₹1,542.55 lakhs in FY23-24, an 8.3% increase. Despite higher revenue, the company posted a loss before tax of ₹33.45 lakhs, though this was a sharp improvement from the ₹93.06 lakh loss last year. No dividend was declared and no amount was transferred to reserves. During the year, the company sub-divided its equity shares from ₹10 to ₹1 per share (approved December 2024). The 43rd AGM is scheduled for September 24, 2025. Key resolutions include appointment of M/s Bipin & Co. (Vadodara) as new statutory auditors for a 5-year term until 2030, in place of M/s Rishi Sekhri and Associates, appointment of two new independent directors, and proposals to raise the borrowing cap and the investments/loans/guarantees cap to ₹100 crores each. The Secretarial Auditor flagged non-compliance with certain SEBI LODR publication norms and non-appointment of an internal auditor.
The narrower loss is encouraging, but the company is still loss-making with no dividend. Shareholders should note the proposed change in statutory auditors, the new independent directors, and the significant proposed increase in borrowing and investment limits at the upcoming AGM.