Pursuant to Regulation 34 of the SEBI (LODR) Regulations, 2015, we hereby submit the Annual Report of the Company for the Financial Year 2024-2025, along with the Notice convening the 16th ....
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Sahara Maritime Limited, listed on the BSE SME platform, has submitted its Annual Report for FY 2024-25 along with the notice for its 16th Annual General Meeting scheduled for September 30, 2025. Revenue from operations nearly doubled to Rs. 2,530 lakhs from Rs. 1,350.48 lakhs in the previous year, an 87% jump. However, total expenses surged to Rs. 2,496.72 lakhs, leaving profit before tax at just Rs. 33.27 lakhs versus Rs. 65.37 lakhs last year. Net profit fell about 70% to Rs. 23.59 lakhs, and EPS dropped sharply to Rs. 0.77 from Rs. 3.17. The company has not declared any dividend, citing the need to conserve profits. The AGM notice also seeks shareholder approval for a material related party transaction with Alif Air Freight Service worth Rs. 10 crore — equivalent to about 40% of the company's annual consolidated turnover.
While topline growth of nearly 87% is impressive, the sharp fall in net profit and EPS signals serious margin compression as costs scaled faster than revenue. The proposed Rs. 10 crore related party transaction is significant at 40% of turnover and warrants close scrutiny, even though it is described as arm's length, since two of the company's directors are partners in the counterparty firm.