With reference to captioned subject, please find enclosed herewith the Annual Report for the financial year 2024-25 along with notice of 14th AGM of Company to be held on Thursday, September ....
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Shreenath Paper Products has submitted its Annual Report for FY 2024-25 along with the Notice for its 14th AGM, scheduled for September 11, 2025 at 2:00 PM via video conferencing. Key agenda items include adopting the FY25 audited financials, re-appointing Mr. Aditya Narayandas Daultabadkar as Director (retiring by rotation), appointing M/s D Maurya & Associates as Secretarial Auditors for five years (FY26–FY30) at Rs. 35,000 in remuneration, and approving material related party transactions with M/s Sunrise International of up to Rs. 40 crore (about 17% of FY25 turnover). The company's total income fell sharply to Rs. 106.08 crore in FY25 from Rs. 189.67 crore in FY24, a decline of roughly 44%. Profit after tax also dropped to Rs. 2.89 crore from Rs. 4.38 crore, down about 34% year-on-year.
Shareholders will vote on a sizable related party transaction worth Rs. 40 crore and on the re-appointment of a director, while digesting a steep fall in both revenue and profit. The weak top-line print and the dependence on related party business (17% of turnover) are points investors should watch closely.