Submission of 31''t Annual Report for the year 2024-25
Awaiting price reaction for this filing.
G-Tech Info-Training Limited filed its 31st Annual Report for FY 2024-25 with BSE. Total income fell to Rs. 9.86 lakhs from Rs. 11.35 lakhs in the previous year, and profit after tax dropped to Rs. 0.72 lakhs (from Rs. 1.18 lakhs), with accumulated losses of Rs. 22.78 lakhs carried forward. No dividend was recommended, and the paid-up equity capital remains small at Rs. 35 lakhs. The statutory auditor changed mid-year after M/s Tejas Nadkarni & Associates resigned, with M/s K.S. Subrahmanyam & Co. taking over; shareholders will vote to confirm and re-appoint them for a 5-year term until 2030. The secretarial auditor flagged several compliance gaps: no CEO/CFO, no Company Secretary, newspaper publication of results not done, and unpaid BSE listing fees for FY 2023-24 and 2024-25 due to a liquidity crisis. The 31st AGM is scheduled for September 30, 2025, where directors will also seek re-appointment of Managing Director Sangramkumar Das.
Routine annual report filing, but the falling revenues, persistent accumulated losses, liquidity stress, and multiple governance and compliance lapses (missing KMPs, unpaid listing fees) are significant red flags that could weigh on investor confidence and the stock's price action.