3rd Annual Report of the Company
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Supertech EV Limited has submitted its 3rd Annual Report for FY 2024-25 along with the notice for its 3rd Annual General Meeting (AGM) scheduled for 25th September 2025 at 11:30 AM via video conferencing. The company, which manufactures electric two-wheelers and E-rickshaws and operates a B2B network of over 500 distributors, reported revenue from operations of ₹75.10 crore (up from ₹65.03 crore in FY24), a 15% year-on-year increase. Total income rose to ₹75.19 crore and profit before tax grew to ₹8.34 crore from ₹6.63 crore, a 26% jump. The AGM agenda includes adoption of audited financial statements, re-appointment of Jitender Kumar Sharma as a director, and shareholder approval for related party transactions of up to ₹200 crore with M/s. Supertech Auto Agency (a partnership where directors Yetender Sharma and Geetanjali Sharma are partners) over 3 years, covering purchase and sale of goods.
The strong revenue and profit growth signals improving business momentum for the small-cap EV company, which may be viewed positively by shareholders. The ₹200 crore related party transaction proposal, while large relative to annual revenue, is a governance item requiring shareholder vote and should be evaluated independently as it involves promoter-linked entities.