With reference to above and pursuant to regulation 30 and 46 of SEBI(Listing obligation and Disclosure Requirements)(LODR) Regulations, 2015, the 53rd Annual General Meeting of the Company ....
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Shelter Infra Projects Limited held its 53rd AGM on September 2, 2025 via video conferencing (NSDL platform), with the BSE intimation dated November 7, 2025. Four resolutions were transacted: adoption of FY25 audited financial statements, reappointment of Mr. Kajal Chatterjee as a director retiring by rotation, appointment of the secretarial auditor for five years, and approval of related party transactions up to Rs. 500 crore per annum. The chairman reported FY25 revenue rose to Rs. 256.46 lakhs from Rs. 180 lakhs, with the company swinging to a Rs. 23.18 lakh profit from a Rs. 19.09 lakh loss in FY24. The secretarial auditor issued a qualified opinion on FY25 financial statements, citing non-provision of lease liability on a 990-year municipal land lease. No dividend was declared; the company plans to enter senior citizen and affordable housing projects in West Bengal.
Shareholders will see no dividend for FY25 despite a return to profit, while liquidity remains a concern (cash and bank balance fell to roughly Rs. 20 lakhs, current liabilities exceeding current assets, and Rs. 1,600 lakhs in contingent liabilities). The qualified secretarial audit opinion and ongoing real estate pivot introduce some execution risk, though the management's focus on affordable housing aligns with positive sector tailwinds.