SUBMISSION OF 19TH ANNUAL REPORT FOR THE FINANCIAL YEAR 2024-25 IN COMPLIANCE WITH REGULATION 34(1) OF SEBI (LODR) REGULATIONS 2015.
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Siyaram Recycling Industries has submitted its 19th Annual Report for FY 2024-25 to BSE, along with the notice for its 19th Annual General Meeting scheduled for Saturday, September 27, 2025 at 2:00 PM in Jamnagar. The company's revenue from operations rose to ₹51,155.84 lakh from ₹41,298.84 lakh in the previous year, a growth of about 24%. Profit before tax nearly doubled to ₹2,041.58 lakh from ₹1,015.60 lakh, and net profit for the year jumped to ₹1,457.39 lakh from ₹752.23 lakh. Earnings per share improved to ₹6.69 from ₹4.00. AGM resolutions include adopting financial statements, re-appointing Mr. Ramgopal Maheshwari (Chairman, retiring by rotation) as Director, approving Cost Auditor remuneration of ₹60,000 for FY 2025-26, and appointing M/s. Murtuza Mandorwala & Associates as Secretarial Auditor for a five-year term from 2025-26 to 2029-30. One independent director resigned effective April 1, 2025 and a replacement was appointed on April 4, 2025.
Strong financial results — revenue up 24% and net profit roughly doubling year-on-year — are positive for shareholders and supportive of the stock. The AGM items are routine compliance matters with no major strategic surprises, though the long-term Secretarial Auditor appointment signals governance continuity.