Enclosed herewith Annual Report of the company for the f.y. 2024-25
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Surbhi Industries has filed its 33rd Annual Report for FY 2024-25 along with the notice for the AGM scheduled on 26 September 2025 via video conferencing. Key business at the AGM includes adopting the audited financial statements, re-appointing Managing Director Mr. Ravjibhai P. Patel (who retires by rotation), and appointing M/s Surana And Kothari Associates LLP as the new secretarial auditor for a 5-year term from FY 2025-26 to FY 2029-30 at a fee of Rs 50,000 for the first year. The company has also proposed a significant revision in remuneration: the MD's pay will rise from Rs 36 lakh to Rs 54 lakh per annum (a 50% increase), and the Whole-Time Director's pay from Rs 33.6 lakh to Rs 48 lakh per annum (around 43% increase), both effective from 1 April 2025. The company's net profit for FY 2024-25 stood at Rs 3.29 crore.
Shareholders are being asked to approve a sizeable hike in promoter-director salaries that exceeds the statutory limits under Section 197, meaning a special resolution is required. While profits are positive, the size of the raise relative to a Rs 3.29 crore net profit is a key point for retail investors to evaluate at the AGM.