BSERetina Paints LtdMediumNeutral
Announced Sat, 6 Sept · 15:43 IST

15th Annual Report of Retina Paints Limited for Financial Year 2024-25

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Awaiting price reaction for this filing.

AI summary

Retina Paints Limited, listed on the BSE SME platform, has submitted its 15th Annual Report for the financial year 2024-25 to the stock exchange, as required under SEBI Listing Regulations. The report covers the company's paint business, including its range of interior emulsions, exterior emulsions, primers, and distempers. The company operates 2 own outlets (in Khammam and Cherlapally, Telangana) and 85 franchisee outlets across Telangana. The 15th Annual General Meeting is scheduled for September 30, 2025 at 12:30 PM via video conferencing. Shareholders will vote on adopting the FY25 financial statements, re-appointing Managing Director Rakesh Dommati, and approving the continuation of remuneration for both Rakesh Dommati (₹5 lakh/month) and Whole-Time Director Rajitha Koyyada (₹2 lakh/month) for the remainder of their terms ending November 2027. Several board changes occurred during the year, including the exit of two directors and the company secretary.

Likely market impact

This is a routine annual report filing, so no immediate impact on the stock price is expected. Shareholders should note the September 23 cut-off date for e-voting eligibility and review the financial performance details in the report ahead of the AGM.