Annual Report For the FY 2024-25
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Rishabh Digha Steel & Allied Products has filed its 34th Annual Report for the financial year ended March 31, 2025, along with the AGM notice. Revenue from operations collapsed sharply to Rs. 10.53 lakh from Rs. 16.04 crore in FY24, a decline of roughly 93%. Profit after tax fell to about Rs. 7.79 lakh from Rs. 1.15 crore, while total comprehensive income was Rs. 6.09 lakh versus Rs. 11.55 crore previously. The Board has not recommended any dividend for FY25. The 34th AGM is scheduled for September 30, 2025, with business items including adoption of accounts, re-appointment of Ms. Kumud Ashok Mehta (Whole-time Director & CFO, spouse of MD Ashok Mehta) by rotation, and appointment of M/s Jaymin Modi & Co. as Secretarial Auditor for five years. Statutory Auditor remains M/s Bilimoria Mehta & Co.
The dramatic 93% drop in revenue and a near 99% fall in profit signal a severe business contraction that shareholders should flag as a key concern. While the company still books a small profit, the scale of the decline suggests major operational or market issues and warrants close scrutiny of management's plans for recovery.