Annual Report of the Company for the Financial Year 2024-25 along with Notice of the 30th Annual General Meeting (AGM).
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Shreeshay Engineers Ltd submitted its 30th Annual Report for FY 2024-25 along with the AGM notice to BSE. The 30th AGM is scheduled for September 5, 2025 at 1:00 PM via video conference. Key agenda items include adoption of audited financials, re-appointment of Mr. Jignesh Thobhani (Managing Director) for 3 more years (till Dec 27, 2028), and a Special Resolution to migrate the company's listing from the BSE SME segment to the Main Board of BSE and NSE. Financially, revenue from operations collapsed sharply to Rs. 128.68 lakhs in FY25 from Rs. 1812.94 lakhs in FY24, while profit after tax fell to Rs. 13.54 lakhs from Rs. 109.25 lakhs, and EPS dropped to Rs. 0.10 from Rs. 0.48. No dividend was declared for the year.
The steep drop in revenue and profit is a significant concern for shareholders, suggesting a major business slowdown. However, the proposed migration from BSE SME to the Main Board (BSE/NSE) could improve liquidity and visibility if approved. No dividend means shareholders won't get any income return this year.