Submission of Annual Report of the company for the year 2024-25
Awaiting price reaction for this filing.
Santosh Fine Fab Ltd has submitted its Annual Report for the financial year ended March 31, 2025, along with the notice for its 43rd AGM scheduled for September 29, 2025. Gross income rose about 29% from Rs 1,290.40 lakhs to Rs 1,661.99 lakhs year-on-year, and the company swung from a net loss of Rs 95.01 lakhs to a much smaller net loss of Rs 1.38 lakhs, essentially breaking even at the bottom line. The directors have recommended no dividend for FY25 to conserve profits. Key business items at the AGM include re-appointment of Mr. Santosh Tulsiyan as Managing Director and Mr. Subhash Tulsiyan as Whole-time Director (both for 5 years from October 5, 2024), re-appointment of statutory auditor Jhunjhunwala Jain & Associates LLP for a second 5-year term, appointment of Lalita Vijay Lath as Secretarial Auditor, and a doubling of monthly remuneration for non-executive director Ms. Sumita Tulsiyan from Rs 30,000 to Rs 60,000 effective July 1, 2025.
Shareholders will not receive any dividend for FY25 as the company remains marginally loss-making, though operational performance has improved significantly. Investors should review the AGM notice and vote on the proposed resolutions, particularly the director re-appointments and the increase in non-executive director remuneration.