Submission of 13th Annual Report for the Financial Year 2024-25
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Shubham Polyspin Limited has submitted its 13th Annual Report for FY 2024-25 to BSE under Regulation 34(1)(a) of SEBI (LODR). Revenue from operations rose to Rs. 52.51 crore from Rs. 49.15 crore in FY23-24, a growth of about 6.8%. However, profit after tax declined to Rs. 69.83 lakh from Rs. 86.42 lakh, a drop of roughly 19%, due to higher depreciation and expenses. The board has not recommended any dividend to conserve resources. The 13th AGM is scheduled for 6th September 2025. Shareholders will vote on re-appointment of Director Akshay Somani (retiring by rotation), appointment of M/s Manoj Hurkat & Associates as Secretarial Auditor for 5 years (FY 2025-26 to 2029-30), and approval of material related party transactions worth up to Rs. 70 crore per year for 5 years with three group entities.
Mixed signals for shareholders — top-line growth is positive but bottom-line contraction and no dividend may weigh on sentiment. The large proposed related party transactions (Rs. 70 crore per year against a Rs. 52.51 crore turnover) warrant investor attention as they exceed 100% of annual revenue when combined.