Notice of 42nd Annual General Meeting (AGM) and Annual Report for the Financial Year 2024-25
SURYALA · price
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Suryalata Spinning Mills has filed the notice and annual report for its 42nd AGM to be held on September 27, 2025 at 11:30 A.M. via video conferencing. For FY2024-25, the company reported a 9.5% increase in revenue from operations to Rs. 483 crore, though EBITDA margin dropped to 7.25% due to higher power costs after Telangana state did not grant the Rs. 2/unit power incentive for spinning mills. Consolidated PAT stood at Rs. 15.37 crore on revenue of Rs. 499 crore, with subsidiary Suntree Solar Energy contributing Rs. 11.75 crore revenue and Rs. 5.55 crore PAT. The Board has recommended a 20% dividend (Rs. 2 per equity share) for non-promoter shareholders. Key special business items include salary hikes for the Managing Director and Joint Managing Director (from Rs. 4.25 lakh to Rs. 5 lakh per month), re-appointment of the Joint Managing Director and Whole-Time Director for 5-year terms, and appointment of a new Secretarial Auditor for FY2025-26 to FY2029-30.
Shareholders will vote on the 20% dividend, director re-appointments with higher pay, and a new secretarial auditor appointment at the AGM. EBITDA pressure from power costs is a concern despite revenue growth and the 4 MW solar plant installation helping to partially offset rising electricity expenses.