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Awaiting price reaction for this filing.
Sofcom Systems has filed the notice for its 30th AGM to be held on Monday, September 29, 2025 at 3:00 PM via video conferencing, with the cut-off date for e-voting eligibility set as September 22, 2025. For FY24-25, the company reported standalone revenue from operations of Rs. 801.60 lakhs (up sharply from Rs. 35.75 lakhs in FY23-24) and a standalone net profit of Rs. 77.40 lakhs versus Rs. 17.46 lakhs in the previous year, with consolidated net profit at Rs. 77.80 lakhs. The Board has not recommended any dividend, opting instead to retain earnings for business use. A notable corporate action was the acquisition of a 96.39% stake in Avian Consultancy Services Pvt Ltd (ACSPL) via a share swap on November 22, 2024, making it a subsidiary. Leadership also changed, with Tanvi Jay Rupawala replacing Priti Apurvbhai Shah as Managing Director and CFO effective May 1, 2025, and a board restructuring on July 16, 2024.
Shareholders can vote electronically on AGM business until the September 22 cut-off but will receive no dividend this year; the sharp jump in revenue and profits, along with the new subsidiary, signals business expansion, though the small base suggests volatility is likely.