This is to inform you that the Annual report of the Company for the Financial year 2024-25 was inadvertently submitted under the wrong tab on the BSE Listing Centre. We''re now submitting ....
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Saffron Industries Ltd has resubmitted its 32nd Integrated Annual Report for FY 2024-25 to BSE after it was initially filed under the wrong tab. The 32nd AGM is scheduled for September 30, 2025 at 11:00 am at the registered office in Nagpur. The company, now engaged in real estate development, reported a net profit of Rs 2.80 crore in FY25, a 248.54% increase from a Rs 1.89 crore loss in FY24, though revenue from operations dropped sharply to Rs 6.32 crore from Rs 16.20 crore. No dividend has been recommended. The AGM agenda includes adopting financial statements, reappointing Smt. Shriranga Vinod Maheshwari (who holds 1.03% stake) as director, and approving Jagdish Khatri & Associates as statutory auditor and Avinash Gandhewar & Associates as secretarial auditor, both for five-year terms through FY 2029-30.
The profit turnaround is positive but the steep revenue decline warrants scrutiny; no dividend means shareholders see no cash return despite profitability. Resubmission is a procedural correction with no material impact, though the high turnover in Company Secretary roles (three changes in one year) and the previous auditor resignation may raise governance questions for investors.