Annual Report for the FY 2024-25
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Suryaamba Spinning Mills has filed its Annual Report for FY 2024-25 along with the notice for its 18th AGM scheduled on September 20, 2025 via video conferencing. Revenue declined modestly from ₹218.57 crore to ₹214.66 crore, while net profit dropped more sharply from ₹1.75 crore to ₹1.17 crore, translating into a lower EPS of ₹4.00 (vs ₹5.97). The company's debt-to-equity ratio improved from 0.70 to 0.53, signalling balance sheet strengthening. The Board has recommended a final dividend of ₹1 per equity share. Key AGM items include re-appointment of statutory auditors (Manish N. Jain & Co.) for a second 5-year term, appointment of a new secretarial auditor (Aarju Agrawal & Associates) for FY 2025-26 to FY 2029-30, and re-appointment of Whole-time Director Mayank Agarwal for another 5 years.
Mixed picture for shareholders: weak operating performance with shrinking revenue and profit, partly offset by a stronger balance sheet, maintained dividend, and management's cost-reduction roadmap (including a planned bank switch from SBI to HDFC aimed at 200-250 bps interest savings). Short-term sentiment may remain cautious due to the profit decline, but lower leverage and focus on niche segments could support medium-term recovery.