BSESiddha Ventures LtdMediumNeutral
Announced Wed, 20 Aug · 14:42 IST

We enclose herewith a copy of Annual Report of the Company for the financial year ended 31st March, 2025 together with notice dated 19th August, 2025 convening the 34th Annual General Meeting ....

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AI summary

Siddha Ventures Limited has filed its Annual Report for the financial year ended 31st March 2025 with BSE, along with the notice for its 34th Annual General Meeting (AGM) to be held on Friday, 12th September 2025 at 10:30 AM through video conferencing. The company's gross total income rose sharply to Rs. 3.66 crore from Rs. 28.62 lakh in the previous year, but total expenditure surged to Rs. 27.81 crore, resulting in a net loss of Rs. 24.15 crore compared to a profit of Rs. 79.67 lakh last year. The company is engaged in trading of shares and the Board has decided not to recommend any dividend, preferring to conserve resources for future expansion. The AGM will consider adoption of financial statements, re-appointment of Mr. Siddharth Sethia as a director, and appointment of M/s Dash M & Associates as Secretarial Auditor for five years.

Likely market impact

Shareholders should note the sharp swing from profit to a substantial loss of Rs. 24.15 crore in FY25, driven by a steep rise in expenses. No dividend will be paid, and shareholders are encouraged to participate in the e-AGM and e-voting process, with the cut-off date set as 5th September 2025.