Submission of Annual Report for the Financial Year 2024-25 along with the Notice annexed with Explanatory Statement of 41st Annual General Meeting of the company to be held on Tuesday 30th ....
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Silver Oak (India) Limited submitted its Annual Report for FY 2024-25 along with the notice for its 41st Annual General Meeting, scheduled for Tuesday, 30th September 2025 at 01:00 PM at the registered office in Pithampur, Madhya Pradesh. On a standalone basis, the company reported zero revenue from operations, total income of just Rs. 3.35 lakhs, and a net loss of Rs. 1.33 crores, slightly narrower than the Rs. 1.56 crore loss in FY23-24. On a consolidated basis, revenue from operations rose to Rs. 1.20 crore from a negligible base, but the net loss widened to Rs. 1.06 crores from Rs. 90.90 lakhs. The board has not recommended any dividend due to continued losses; total term loan stood at Rs. 8.83 crores. Three resolutions are up for shareholder vote: adoption of accounts, re-appointment of Whole-time Director Mr. Shirish Jaltare (retiring by rotation), and appointment of M/s. NPG & Co. as secretarial auditor for five years (FY 2025-26 to FY 2029-30).
The company continues to report losses with no dividend, signalling ongoing financial stress for shareholders, though the narrowing standalone loss is a modest positive. Investors should review the full annual report ahead of the AGM and e-voting window (26–29 September 2025), where key governance changes including a new secretarial auditor and director re-appointment will be decided.