Annual Report for FY 2024-25
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Awaiting price reaction for this filing.
Shreenath Paper Products has filed its Annual Report for FY 2024-25 along with the notice for its 14th AGM scheduled on September 11, 2025 (via video conferencing). The financial highlights show total income dropped sharply to Rs. 106.08 crore from Rs. 189.67 crore in the previous year (a fall of roughly 44%). Profit after tax also declined to Rs. 2.89 crore from Rs. 4.38 crore earlier. The AGM agenda includes adopting the financials, re-appointing director Aditya Narayandas Daultabadkar, appointing M/s D Maurya & Associates as Secretarial Auditor for five years (FY26–FY30), and approving material related party transactions with M/s Sunrise International (a proprietorship where directors are interested) up to Rs. 40 crore, representing about 17% of FY25 turnover.
Shareholders should note the steep revenue and profit decline year-on-year, which could weigh on stock sentiment. The proposed Rs. 40 crore related party deal with a director-linked entity is significant and requires shareholder approval, so related parties (including promoters) will abstain from voting on it.