We hereby present the 15th Annual Report of the Company for the financial year 2024-25 along with the Notice convening the 15th Annual General Meeting of the Company scheduled to be held ....
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Shanti Spintex Limited has submitted its Annual Report for FY 2024-25 along with the notice for its 15th AGM, scheduled for September 24, 2025 at 4:00 PM via video conferencing. The company, a denim fabric manufacturer listed on BSE SME (Scrip Code: 544059), reported revenue of Rs. 710 crore in FY25, up 40% from Rs. 506 crore in FY24, with capacity utilization at 89% of its 19.2 million meter installed capacity. Green energy sources (2 MW wind + 0.86 MW solar) meet 65% of its power requirements, and debt levels were reduced by 60% year-on-year, bringing the net debt-to-equity ratio to 0.14x. AGM business includes re-appointment of Managing Director Rikin B. Agarwal, regularization of Urmila B. Agarwal as Non-Executive Director, and re-appointment of statutory and secretarial auditors (HDS & Associates for a 5-year term). The company also outlined strategic plans for 2.5 MW additional renewable energy capacity (potential Rs. 2.8 crore annual savings) and backward/forward integration including in-house dyeing and finishing.
This is a routine annual regulatory filing, but it highlights strong business momentum with 40% revenue growth, improving profitability indicators, and a significantly cleaner balance sheet, which is positive for shareholder confidence. The proposed backward/forward integration and expansion of renewable energy capacity signal management's focus on margin expansion and sustainability in the coming years.