Reg 34(1) Annual Report for FY 2024-25
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Awaiting price reaction for this filing.
Shree Ganesh Elastoplast Limited filed its 31st Annual Report for FY 2024-25 along with the AGM notice; the 31st AGM is scheduled for 26th September 2025 at 12:30 PM at the registered office in Ahmedabad. The company reported a sharp swing into losses, posting a net loss of Rs. 147.42 Lacs versus a net profit of Rs. 163.05 Lacs in FY 2023-24. Total income fell to Rs. 1,975.01 Lacs from Rs. 2,361.26 Lacs, while total expenses stayed nearly flat at Rs. 2,121.13 Lacs, pushing Profit Before Tax to a loss of Rs. 146.12 Lacs. EPS turned negative at -Rs. 2.68 versus Rs. 2.96, and no dividend has been recommended to conserve cash. AGM business includes reappointment of Whole Time Director Mihir R Shah, ratification of statutory auditors M/s SDPM & Co. for two years, appointment of two new independent directors (including a woman director) for five years, and appointment of M/s Kamlesh M Shah & Co. as secretarial auditors for five years.
Negative for shareholders: the company slipped from profit to loss, EPS turned negative, and the dividend has been skipped. The director reshuffle and new auditor appointments are routine governance matters and unlikely to move the stock on their own.