The 32nd Annual General Meeting of the Members of the Company will be held on 30th September, 2025 at 11:00 AM at the Registered Office of the Company. Please find enclosed herewith the ....
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Saffron Industries Limited has called its 32nd Annual General Meeting on Tuesday, 30th September 2025 at 11:00 AM IST at its registered office in Nagpur, along with submission of the Integrated Annual Report for FY 2024-25. The company posted a profit before tax of Rs 2.81 crore in FY25, a sharp turnaround from a loss of Rs 1.89 crore in FY24 (net profit up 248.54%). However, revenue from operations fell steeply to Rs 6.32 crore from Rs 16.20 crore. The Board has not recommended any dividend. Key agenda items include reappointment of Smt. Shriranga Vinod Maheshwari as director (retiring by rotation), appointment of M/s Jagdish Khatri & Associates as Statutory Auditor for five years, and M/s Avinash Gandhewar and Associates as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30). The company operates in real estate development (residential, commercial, and mixed-use projects).
Routine AGM notice with no major policy shift, though the strong swing back to profit is a positive signal despite a steep revenue decline. Shareholders should note the five-year auditor appointments, no dividend payout, and the reappointment of a promoter-family director.