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Awaiting price reaction for this filing.
Satyam Silk Mills Ltd has filed its 42nd Annual Report for FY 2024-25 with BSE, as required under Regulation 34(1) of SEBI LODR. Total income rose to Rs. 181.55 lacs from Rs. 155.57 lacs in the previous year, while net profit grew to Rs. 78.63 lacs from Rs. 68.73 lacs, a roughly 14% year-on-year increase. No dividend has been proposed for the year. The 42nd Annual General Meeting is scheduled for 29th September 2025 at the registered office in Mumbai to adopt the audited financials, and shareholders will also vote on re-appointing director Ms. Deepa Bhavsar (who retires by rotation) and on appointing Mr. Hitesh Gupta as Secretarial Auditor for a five-year term (FY 2025-26 to FY 2029-30) with a proposed FY26 fee of Rs. 35,000. The statutory auditors M/s SVP & Associates issued a clean report with no qualifications, and no material changes affecting financial position were reported.
This is a routine annual compliance filing with a modest double-digit jump in net profit, which is mildly positive but unlikely to move the stock given the very small scale of operations (sub-Rs 2 crore income). The decision to skip dividends and the small-cap, low-float nature mean shareholders should not expect short-term price catalysts from this filing.