Submission of Annual Report for F.Y. 2024-2025 along with Notice of 90th AGM.
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Shri Dinesh Mills Ltd has submitted its Annual Report for FY 2024-25 along with the Notice of its 90th AGM, scheduled for Thursday, 21st August 2025 at 12:00 noon via video conferencing. Revenue from operations fell marginally to Rs. 6,630 lakhs from Rs. 6,688 lakhs in FY24, while profit after tax dropped sharply to Rs. 1,050 lakhs versus Rs. 4,790 lakhs, primarily because the previous year included a one-time exceptional gain of Rs. 4,085 lakhs from sale of surplus immovable properties; this year booked an exceptional loss of Rs. 289 lakhs. Profit before exceptional items and tax also declined from Rs. 2,066 lakhs to Rs. 1,726 lakhs, indicating some pressure on underlying margins. The Board has recommended a final dividend of Rs. 2 per equity share (vs Rs. 30 in FY24), a sharp cut reflecting normalisation of earnings after the property sale. AGM items include approval of financial statements, appointment of CS Mrs. Heena Patel as Secretarial Auditor for 5 years at Rs. 50,000 p.a., and re-appointment of Chairman Bharatbhai Patel and MD Nimishbhai Patel, both retiring by rotation.
Shareholders will receive a much smaller dividend this year as last year's payout was inflated by a one-off property sale. Core operations remain broadly steady, but the steep drop in headline PAT and dividend may weigh on investor sentiment despite the underlying business showing only mild revenue softness.