Pursuant to Regulations 30, 34 and 53 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), please find enclosed herewith ....
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Shristi Infrastructure Development Corporation has filed the Notice of its 35th Annual General Meeting and the Annual Report for FY 2024-25. The AGM is scheduled for September 24, 2025, at 11:30 A.M. via video conferencing. On a standalone basis, total revenue rose to Rs. 15,367.66 lakhs from Rs. 10,949.35 lakhs in FY24, but the company still posted a net loss of Rs. 1,001.33 lakhs (vs Rs. 1,839.53 lakhs loss last year). Consolidated revenue was Rs. 15,372.35 lakhs with a net loss of Rs. 1,521.97 lakhs. The Board did not recommend any dividend. Auditors issued a modified opinion, flagging unpaid interest on borrowings from SREI Equipment Finance (cumulative non-provision of Rs. 9,890.33 lakhs) and uncertainty over recoverability of loans/investments in subsidiary Sarga Udaipur Hotels & Resorts, which remains under the IBC insolvency process since April 2022.
For shareholders: revenue growth is encouraging but the company remains loss-making with a negative net worth (Debt-Equity ratio of -6.61) and no dividend. The auditor qualifications and ongoing IBC proceedings at a subsidiary add uncertainty, though the narrowing of losses is a modest positive signal.