This is to inform you that the 32nd Annual General Meeting of the members of the Company will be held on 30th September, 2025 at 11:00 AM at the Regsitered office of the Company. Pursuant ....
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Saffron Industries has informed BSE that its 32nd Annual General Meeting (AGM) will be held on Tuesday, September 30, 2025 at 11:00 AM at its registered office in Nagpur. Along with the AGM notice, the company submitted its Integrated Annual Report for FY 2024-25. Key business on the AGM agenda includes adopting audited financial statements, reappointing Smt. Shriranga Vinod Maheshwari (who retires by rotation), and approving the 5-year appointment of M/s. Jagdish Khatri & Associates as Statutory Auditor and M/s. Avinash Gandhewar & Associates as Secretarial Auditor. The company's net profit for FY25 stood at Rs. 2.80 crore, a sharp turnaround from a loss of Rs. 1.89 crore in FY24 (a 248.54% improvement), though revenue from operations fell sharply to Rs. 6.32 crore from Rs. 16.19 crore in the previous year. The Board has not recommended any dividend and intends to plough back profits.
This is largely a routine AGM and annual report filing with no major surprise, though the return to profitability is a positive signal. The sharp revenue decline, despite lower expenditure, suggests operational contraction worth monitoring. No dividend means no immediate cash return to shareholders.