Annual Report for FY 2024-25
SEYAIND · price
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Seya Industries has submitted its 35th Annual Report and AGM notice for FY 2024-25. The company is under Corporate Insolvency Resolution Process (CIRP) since November 2, 2023, with Mr. Bhavesh Rathod acting as Interim Resolution Professional (IRP) and the Board's powers suspended. The company had zero revenue from operations in FY25, down from ₹805.84 lakhs in FY24, and no manufacturing activity. Loss before tax widened sharply to ₹820.94 lakhs (vs ₹516.62 lakhs) and loss after tax rose to ₹630.69 lakhs (vs ₹347.20 lakhs). EPS stood at negative ₹2.37. No dividend was recommended. The 35th AGM is scheduled for September 30, 2025 at the registered office in Tarapur, Maharashtra.
Shareholders remain in a difficult position as the company is non-operational with deepening losses and an ongoing insolvency process. Any return for investors is contingent on the outcome of the CIRP and the resolution plan approved by NCLT, with significant uncertainty persisting in the near term.