Submission of Annual Report for the Financial Year 2024-25.
Awaiting price reaction for this filing.
Quasar India Ltd (BSE Code: 538452) submitted its Annual Report for FY 2024-25 along with the notice for its 46th Annual General Meeting to be held on 30th September 2025 at 2:00 PM through video conferencing. The company's total revenue rose to Rs 4,213.36 lakhs in FY 2024-25 from Rs 3,645.74 lakhs in FY 2023-24, but profit before tax collapsed to just Rs 3.55 lakhs from Rs 237.11 lakhs, and profit after tax fell sharply to Rs 2.44 lakhs from Rs 160.40 lakhs, bringing EPS down to Rs 0.00 from Rs 3.00. The AGM will consider five resolutions, including adoption of financial statements, re-appointment of Mr. Sureshkumar Mohanlal Prajapati as Managing Director for five years (with salary up to Rs 2,00,000 per month), appointment of Mr. Vijayrao More as Non-Executive Director, and appointment of M/s. Jay Pandya & Associates as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30). The book closure period is from 23rd September to 30th September 2025, and remote e-voting runs from 27th to 29th September 2025.
Despite a healthy ~15% jump in revenue, profitability has nearly evaporated with PAT down ~98.5% year-on-year and EPS at zero, which is a major red flag for shareholders and likely to weigh on the stock. The Managing Director's remuneration package (above Section 198 limits) and management changes may also draw investor attention at the AGM.