ENCLOSE HERE WITH NOTICE OF 34TH ANNUAL GENERAL MEETING AND ANNUAL REPORT FOR THE F.Y. 2024-25
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Sonal Adhesives Limited has submitted the notice of its 34th Annual General Meeting (AGM) and the Annual Report for FY 2024-25 to BSE, in line with SEBI Listing Regulations. The 34th AGM is scheduled for Thursday, September 25, 2025 at 4:00 PM, to be held entirely through Video Conferencing. Key items on the AGM agenda include adopting the FY25 financial statements, re-appointing Mrs. Mridu Arora (who retires by rotation), changing the statutory auditor from M/s M C Asawa & Co to M/s Haziyani & Associates for a fresh 5-year term (FY26–FY30), appointing Mr. Vipul Desai as a Non-executive Independent Director for 3 years, and ratifying the cost auditor's remuneration of Rs. 70,000 for FY25 and FY26. For FY25, the company posted turnover of Rs. 11,033.26 lakhs, up 9.62% from Rs. 10,065.11 lakhs in FY24, while net profit slipped marginally to Rs. 176.49 lakhs from Rs. 185.45 lakhs due to higher raw material, finance, and administration costs. Export revenue fell sharply to Rs. 1,657.08 lakhs from Rs. 2,608.45 lakhs, and the board has not recommended any dividend.
This is a routine annual compliance filing with no major red flags. The statutory auditor change is a natural rotation as the previous auditor's 5-year tenure ends, and the slight dip in net profit despite revenue growth is a mild watchpoint for shareholders. No immediate stock-moving event, but the FY25 results signal margin pressure worth tracking.