Annual Report for the FY 2024-25
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Standard Shoe Sole and Mould (India) Ltd filed its 49th Annual Report for FY 2024-25 along with the notice for its 49th AGM to be held on December 30, 2025 via video conferencing. The company's revenue from operations remained NIL in FY 2024-25, unchanged from FY 2023-24. Loss narrowed significantly to Rs. 18.56 lakh from Rs. 65.88 lakh in the previous year. The company has only 2 permanent employees (CFO and Company Secretary) and took a loan of Rs. 14.70 lakh from a director to meet expenses. The board has been largely reconstituted with several resignations and new appointments during the year.
The company continues to generate zero revenue from operations and is reporting losses, though the loss has shrunk considerably. There is no dividend for shareholders. The business appears to be in a restructuring phase, relying on recovered old dues and director loans to cover expenses, which raises concerns about its long-term viability.