Pursuant to Regulations 30 and 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Annual Report for the FY 2024-25 along ....
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SMC Credits Ltd has submitted its revised Annual Report for FY 2024-25, correcting an inadvertent date error in the earlier covering letter. The 33rd Annual General Meeting is scheduled for September 30, 2025 at 10:00 a.m. at the registered office in New Delhi. Key financial highlights show profit before depreciation and tax of Rs. 1,562.38 lacs (up from Rs. 635.30 lacs), and profit after tax of Rs. 1,251.62 lacs versus Rs. 307.28 lacs in the previous year, representing a sharp 307.32% growth. No dividend has been recommended and no amount transferred to reserves. The notice includes reappointment of Rajesh Goenka as Whole-time Director & CFO, and appointment of Kumar Ashwani & Associates as Statutory Auditors (Rs. 4 lakhs annually) and Neeraj Arora & Associates as Secretarial Auditors (Rs. 25,000 annually).
The headline takeaway is the massive 307% jump in annual profit, which is a strong positive signal for shareholders. However, no dividend has been declared despite higher earnings, and shareholders need to vote on key items including auditor appointments and director reappointment at the upcoming AGM.