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Shree Hari Chemicals Export Limited has filed its 38th Annual Report for FY 2024-25 with BSE, along with the notice for the 38th Annual General Meeting (AGM) scheduled for September 27, 2025, to be held via video conferencing. The company, one of India's leading manufacturers and exporters of H-Acid (a key dye intermediate), reported revenue from operations of ₹14,119.58 Lakhs in FY25, up from ₹13,832.64 Lakhs in the previous year. More notably, net profit more than doubled to ₹512.40 Lakhs from ₹234.50 Lakhs. Key strategic developments during the year include incorporating a wholly-owned subsidiary called Shakambhari Chemtech Private Limited to expand the product portfolio, and setting up an additional 1.85 MW solar power plant for captive use at its Mahad, Raigad facility, building on the existing 1.5 MW solar setup. The AGM agenda covers adoption of financial statements, re-appointment of directors Shri Sarthak Agarwal, Shri Nihit Agarwal and Shri Sanjay Kedia, appointment of new Secretarial Auditors (M/s. Parikh Parekh & Associates) for five years, approval of material related party transactions up to ₹50 Crore each with Shubhalakshmi Polyesters Limited and Shubhlaxmi Dyetex Private Limited, and ratification of cost auditors' remuneration of ₹25,000 per annum.
Profit more than doubling year-on-year signals improved operational efficiency and margin expansion, which is positive for shareholders. The new subsidiary and additional solar capacity indicate forward-looking growth investment. Investors should note the material related party transactions (₹50 Crore each with two related parties) that will be put to shareholder vote at the AGM.