Please find the attached Annual Report relating to 22nd AGM for the FY 2024-2025
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Steelman Telecom Ltd has filed its Annual Report for FY 2024-2025 along with the Notice for its 22nd Annual General Meeting, scheduled for Saturday, 30th August 2025 at 12:00 noon in Kolkata. The company's standalone Profit After Tax rose 10% from Rs. 732.49 lakhs to Rs. 805.75 lakhs, while EPS improved from Rs. 7.57 to Rs. 8.33. However, standalone gross revenue dipped from Rs. 18,939.33 lakhs to Rs. 17,535.96 lakhs, attributed to market and economic factors. The Chairman highlighted major contracts with Bharti-Airtel (Rs. 42 crore annual), Reliance Jio (Rs. 60 crore), and collaborations with TCS, Nokia, and Ericsson, with growth targets of 30-50% year-on-year. The AGM includes special business items: altering the Object Clause to add vehicle leasing and rental services to the company's scope, and seeking approval for material related party transactions up to Rs. 100 crore for FY 2025-2026. Director Mr. Girish Bindal will also retire by rotation and seek re-appointment.
Positive profit growth and EPS improvement signal operational efficiency, even though top-line revenue declined. Shareholders should note the proposed expansion into vehicle leasing/rental business and the approval sought for related party transactions up to Rs. 100 crore, both requiring special resolution votes at the AGM.