Notice for completion of dispatch of AGM Notice and Annual report for FY 2024 - 25 to the members of the Company
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Shetron Limited has completed the electronic dispatch of the AGM Notice and Annual Report for FY 2024-25 on 22nd August 2025. The 45th AGM will be held on Friday, 5th September 2025 at 11:00 AM via video conferencing. Key business to be transacted includes adoption of audited financials, re-appointment of Mr. Diwakar Sanku Shetty (Executive Chairman, retiring by rotation), declaration of a 10% dividend (Rs. 1.00 per equity share of Rs. 10), appointment of Mr. Parameshwar Ganapati Bhat as Secretarial Auditor for five years (FY 2025-26 to 2029-30), and ratification of Rs. 1,00,000 remuneration for Cost Auditor Mr. Vishwanath Bhat for FY 2025-26. FY25 turnover declined 4.58% to Rs. 22,968 lakhs and net profit dropped 52.8% to Rs. 308 lakhs, mainly due to a mango crop failure, though the company is diversifying into industrial packaging and has set up a new western India production line.
Shareholders should note the record date of 29th August 2025 to be eligible for the Rs. 1.00 per share dividend, with e-voting open from 2nd-4th September 2025. The sharp profit decline despite a maintained dividend payout signals management confidence in long-term recovery, but FY25 weakness in core seasonal business may weigh on near-term sentiment.