Kindly find enclosed the Annual Report for FY 2025 and AGM Notice for AGM scheduled to be held on September 26, 2025 at 11:30 AM through VC/OVAM
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Shree Marutinandan Tubes Ltd has submitted its 12th Annual Report for FY 2024-25 along with the notice for its 12th Annual General Meeting, scheduled for September 26, 2025 at 11:30 AM via video conferencing. The company is a Gujarat-based trader of galvanized pipes, ERW MS pipes, black pipes, and solar structural pipes, listed on the BSE SME platform (Scrip Code: 544083). For FY 2024-25, revenue from operations rose to Rs. 11,389.70 lakh from Rs. 9,178.11 lakh in the previous year, while profit after tax increased to Rs. 280.13 lakh from Rs. 263.07 lakh. No dividend has been recommended. Shareholders will vote on adopting the financial statements, re-appointing Managing Director Vikram Shivratan Sharma (who retires by rotation), and approving related party transactions of up to Rs. 50 crore. The board also approved a preferential allotment of up to 47,57,280 convertible warrants on July 5, 2025.
Revenue grew about 24% year-on-year but profit growth was modest at around 6.5%, suggesting margin pressure. The omission of a dividend and the large Rs. 50 crore related-party transaction limit may be points investors watch closely. The pending preferential warrant issue could lead to share dilution.