41st Annual Report for financial year 2024-25 along with Notice of Annual General Meeting of the Company.
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Royal Cushion Vinyl Products Ltd has filed its 41st Annual Report for FY 2024-25 along with the notice of the Annual General Meeting (AGM) to be held on Monday, 29th September 2025 at 3:30 PM via video conferencing. Revenue from operations rose to Rs. 6,390.56 lakhs from Rs. 5,470.69 lakhs in the previous year, a growth of about 17%. However, profit after tax fell sharply to Rs. 229.34 lakhs from Rs. 29,420.86 lakhs in the previous year, mainly because the prior year had a large one-time exceptional gain of Rs. 28,873.83 lakhs from write-back of old liabilities. Core profit before exceptional items dropped to Rs. 239.95 lakhs from Rs. 547.03 lakhs due to higher finance costs (Rs. 320.17 lakhs) and expenses. Other income of Rs. 1,043.06 lakhs includes Rs. 736.52 lakhs as government grant receivable from Gujarat. The Board has not declared any dividend for FY 2024-25. Key business items at the AGM include re-appointment of Mr. Mahesh K. Shah as Chairman and Managing Director for three years from April 1, 2026, re-appointment of Mr. Jayesh Motasha as a director, and appointment of M/s. Loya and Shariff as secretarial auditors for five years.
Shareholders should note that the sharp drop in reported net profit is largely a comparison effect from a one-time exceptional item last year, while revenue growth of around 17% is positive. The lack of dividend, higher finance costs, and falling core profitability are mild negatives. The re-appointment of the existing Managing Director signals management continuity and is largely routine.