Annual Report for the FY 2024-25 along with the Notice of 78th Annual General Meeting of the Company is enclosed
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Sanathnagar Enterprises Ltd has submitted its 78th Annual Report for FY 2024-25 along with the notice for its 78th AGM, scheduled for September 30, 2025 at 11:30 a.m. via video conferencing. The company reported no revenue from operations during the year, with total income of ₹46.64 lakhs (down from ₹419.26 lakhs last year) and a net loss of ₹339.99 lakhs against a profit of ₹294.43 lakhs in the previous year, mainly due to a tax expense reversal of ₹344 lakhs. The company's real estate project in Hyderabad was completed back in 2018, and it currently has no ongoing or new projects. No dividend has been recommended and there was no change in share capital during the year. The board has also applied to BSE for a no-objection certificate on a proposed merger scheme with Lodha Developers Limited (the holding company), Roselabs Finance Limited, and National Standard (India) Limited.
This is a routine annual report filing, so it is unlikely to move the stock. However, shareholders should note the company is currently a non-operating entity awaiting a merger into its parent Lodha Developers, and the AGM includes a director re-appointment resolution for Ms. Sanjyot Rangnekar.