18th Annual Report for the Financial Year 2024-25
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Awaiting price reaction for this filing.
Shashijit Infraprojects Ltd has submitted its 18th Annual Report for FY 2024-25 to BSE (Scrip Code: 540147). The 18th Annual General Meeting is scheduled for Tuesday, 30th September 2025 at 2:00 PM via video conferencing. In his message, the Chairman acknowledged a challenging year with a decline in turnover and a net loss, attributed to sluggish demand in the infrastructure and construction sector. The company raised funds during the year through a preferential issue of equity shares to strengthen its financial position for revival in FY 2025-26. During the year, Mr. Chintan Shah was appointed as Independent Director (w.e.f. 6th July 2024). The company also saw a change in Company Secretary, with Mr. Manthan Shah resigning on 31st August 2025 and Mrs. Neha Mewara being appointed on 3rd September 2025. The AGM will consider adopting the FY25 financial statements, re-appointing the Managing Director, and appointing a new Secretarial Auditor for a 5-year term.
Procedural filing for shareholders' review — no immediate price action expected. However, the Chairman's candid admission of a net loss and reliance on a preferential equity issue (which may have diluted existing shareholders) signals underlying business weakness, while the planned turnaround in FY 2025-26 remains a forward-looking positive.