Notice of 18th Annual General Meeting including Annual Report for the FY 2024-25
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Suryaamba Spinning Mills has filed the notice for its 18th Annual General Meeting, scheduled for Saturday, September 20, 2025 at 12 noon IST via video conferencing. The AGM will cover adoption of FY25 financial statements, declaration of a final dividend of ₹1 per equity share (face value ₹10), re-appointment of Smt. Seema Agarwal as Joint Managing Director, re-appointment of M/s Manish N. Jain & Co. as statutory auditors for a second 5-year term, and appointment of Aarju Agrawal & Associates as secretarial auditors for FY26–FY30. Shri Mayank Agarwal is proposed for re-appointment as Whole-time Director for 5 years (Aug 1, 2025 to July 31, 2030) at a salary of ₹1.35 lakh/month plus commission and perquisites. The annual report reveals FY25 revenue of ₹214.66 crore (down from ₹218.57 crore) and net profit of ₹1.17 crore (down from ₹1.75 crore), with EPS falling to ₹4.00 from ₹5.97; however, debt-to-equity improved sharply from 0.70 to 0.53. The company plans to switch its banking relationship from SBI IFB to HDFC Bank to save 200–250 basis points on borrowing costs and aims to cut workforce by 10% in FY26 through automation.
Shareholders will vote on a modest ₹1 dividend and the re-appointment of promoter directors, with a slight profit dip offset by a notably stronger balance sheet. The banking switch and debt reduction strategy could support future margin recovery, though near-term profitability remains under pressure.