Pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are submitting herewith the Annual Report of the Company for the financial ....
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Suncare Traders Limited has submitted its Annual Report for FY 2024-25 along with the notice for the 28th Annual General Meeting scheduled for 26th September 2025 in Ahmedabad. For FY 2024-25, Gross Income stood at Rs 534.85 lakhs (down from Rs 544.68 lakhs in the previous year, a marginal ~1.8% dip), while Profit Before Interest and Depreciation fell sharply to Rs 45.28 lakhs from Rs 183.79 lakhs, signalling major margin compression at the operating level. Net Profit After Tax, however, rose about 51% to Rs 59.42 lakhs from Rs 39.43 lakhs, helped by much lower tax expenses of Rs 20.01 lakhs versus Rs 177.89 lakhs previously. The Directors have not declared any dividend due to carry forward losses. Shareholders will be asked to approve raising the borrowing limit to Rs 100 crore under Section 180(1)(c), expanding investment/loan authority to Rs 100 crore under Section 186, and appointing M/s Goenka Mehta and Associates as statutory auditors for a five-year term. The Secretarial Audit flagged non-compliance with SEBI LODR on timely publication of AGM notice and quarterly results, and noted the absence of a full-time Internal Auditor.
Operating profitability has deteriorated sharply even as bottom-line profit grew on lower tax outgo, which is a yellow flag for shareholders. The proposed Rs 100 crore borrowing and investment limits are significantly large relative to the company's current scale, suggesting plans for future expansion or acquisitions. No dividend income for shareholders, and persistent carry forward losses cap near-term return prospects.