Pursuant to Regulation 34(1), we submit herewith a soft copy of the Annual Report for the year 2024-25, including necessary documents and disclosures as stated under the above referred ....
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Riddhi Corporate Services Ltd has submitted its 15th Annual Report for FY 2024-25 to BSE. The company reported a strong financial year with total income rising to Rs. 26,693.96 lakhs from Rs. 17,875.09 lakhs in FY24, a growth of about 49%. Profit after tax jumped to Rs. 1,347.46 lakhs from Rs. 514.5 lakhs, roughly 2.6x growth, pushing EPS to Rs. 11.35 from Rs. 4.34. The board has recommended a final dividend of Rs. 0.49 per equity share (face value Rs. 10). The 15th AGM is scheduled for 27th September 2025. There were no qualifications or adverse remarks in the statutory auditor's report. The company also saw a change of statutory auditors mid-year, with M/s Ravi Shah & Co. resigning in November 2024 and M/s Jain Kedia & Sharma being appointed in January 2025.
Strong revenue and profit growth, along with a declared dividend, signal healthy operating performance for shareholders. The mid-year auditor change and the absence of any auditor qualifications are worth noting but not material concerns based on the disclosure.