Submission of Annual Report
Awaiting price reaction for this filing.
Foundry Fuel Products Ltd has submitted its Annual Report for FY 2024-25 along with the Notice of its 61st Annual General Meeting, scheduled for Wednesday, September 24, 2025 at 3:30 p.m. via video conferencing. The company reported a loss of Rs. 24.69 lakhs for FY 2024-25, slightly narrower than the Rs. 25.05 lakhs loss in the previous year, with no revenue from operations. The company's operations have been shut down since 2010 due to working capital shortage, and promoters are working on infusing funds for revival. No dividend has been recommended. Shareholders will vote on the re-appointment of Statutory Auditors M/s. Bohra & Co. for a second 5-year term (till 2030 AGM), appointment of Secretarial Auditor M/s. D. Raut & Associates for 5 years (FY 2025-26 to FY 2029-30), and the re-appointment of Mr. Adarsh Agarwalla (Wholetime Director) who retires by rotation.
This is a routine compliance filing with no material change for shareholders. However, the continued losses, shut operations since 2010, and absence of dividend highlight ongoing financial stress, though promoter-led revival efforts may be a positive sign to watch.