In pursuance of Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith Twenty Fifth Annual Report 2024-25 of Somi Conveyor ....
SOMICONVEY · price
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Somi Conveyor Beltings has submitted its 25th Annual Report for FY 2024-25 to BSE and NSE as required under SEBI Regulation 34(1). The Chairman's message reports revenue of Rs. 10,123.77 lakhs and profit of Rs. 548.21 lakhs, noting a slight decline in turnover year-on-year but a significant increase in profits driven by operational efficiency. The 25th AGM is scheduled for September 30, 2025, with e-voting from September 27-29, 2025. Shareholders will vote on adopting the audited financials, re-appointing Mrs. Payal Daga, ratifying Cost Auditor remuneration (Rs. 35,000), and appointing two new Independent Directors (Mr. Rajesh Garg and Mrs. Shashi Modi) along with a new Secretarial Auditor (M/s Saharia and Associates) for a 5-year term.
The revenue decline coupled with profit growth suggests improved margins and cost efficiency, which is positive for shareholders despite weaker top-line. The addition of two independent directors and a new long-term secretarial auditor should strengthen corporate governance. Routine filing; no immediate stock price catalyst expected.