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 Annual Report for FY 2024-25 along with the notice for its 33rd Annual General Meeting, scheduled for September 30, 2025 at 10:00 AM at the registered office in New Delhi. Key financial highlights show profit after tax of Rs. 1,251.62 lacs, a sharp jump of 307.32% compared to Rs. 307.28 lacs in the previous year. Profit before depreciation and tax also rose significantly to Rs. 1,562.38 lacs from Rs. 635.30 lacs. The Board has not recommended any dividend for the year and has not transferred any amount to reserves. The AGM will also consider the appointment of M/s Kumar Ashwani & Associates as Statutory Auditors for three years (Rs. 4 lakh per year) and M/s Neeraj Arora & Associates as Secretarial Auditors for five years (Rs. 25,000 per year).
Strong profit growth of over 300% is a positive signal for shareholders, though the absence of any dividend means investors won't see a direct cash return this year. Auditor appointments are routine and the proposed audit fees show no material change from previous terms.