31st Annual Report of the Spectrum Foods Limited for the FY 2024-25
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Spectrum Foods Ltd has filed its 31st Annual Report for FY 2024-25 along with the AGM notice. The AGM is scheduled for Saturday, September 27, 2025 at 04:30 PM via video conferencing. For FY 2024-25, total income rose marginally to Rs. 2207.65 lakhs from Rs. 2183.42 lakhs, but profit after tax fell sharply to Rs. 12.37 lakhs from Rs. 132.71 lakhs in the previous year. No dividend has been recommended. The AGM includes special business items: appointment of M/s Naredi Vinod and Associates as Secretarial Auditor for 5 years (FY 2025-26 to FY 2029-30), proposal to transfer the Samskara Resorts, Pushkar business unit to a subsidiary at book value, and approval for related party transactions worth about Rs. 20 crore with Saboo Sodium Chloro Limited and Rs. 25 lakhs rent to MD Girdhar Saboo. The company said food-grade salt sales declined during the year but plans to add more FMCG products to improve profitability.
Sharp drop in profit after tax (from Rs. 132.71 lakhs to Rs. 12.37 lakhs) signals weaker operating performance and is negative for shareholders. The proposal to transfer the resort business to a subsidiary and ongoing related party transactions with promoter-linked entities are governance points minority shareholders should watch. No dividend means no income return this year.