Pursuant to the provisions of Regulation 34 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith ....
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Shiv Texchem Limited submitted its 20th Annual Report for FY 2024-25, its first full year as a listed entity on the BSE-SME platform (listed October 15, 2024). Revenue from operations grew 43.48% year-on-year to Rs. 2,20,161.53 Lakhs, while profit after tax rose 60.12% to Rs. 4,811.41 Lakhs. Profit before tax increased to Rs. 6,562.13 Lakhs from Rs. 4,075.97 Lakhs in the previous year. The Board did not recommend any dividend for the year. The company's existing statutory auditor's tenure concludes at the upcoming AGM, and a new auditor (Mr. Yatin Kumar Shah) is proposed for a 5-year term. The auditor's report contains no qualifications or adverse remarks. Related party transactions were on arm's length basis and disclosed in Form AOC-2. The company is engaged in distribution of hydrocarbon solvents and specialty chemicals such as acetyls, alcohols, aromatics, nitriles, monomers, glycols, and ketones.
Strong top-line and bottom-line growth in the debut listed year may support positive investor sentiment, though the SME listing means limited governance disclosure obligations. The absence of any dividend despite higher profits could disappoint income-seeking shareholders.