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Swadeshi Industries & Leasing Ltd has filed its 41st Annual Report for FY 2024-25 along with the AGM notice. The 41st AGM is scheduled for Saturday, 27th September 2025 at 3:30 PM at the registered office in Andheri East, Mumbai. Revenue from operations jumped sharply to Rs. 1,589.56 lakhs from Rs. 246.40 lakhs in FY24, and the company swung to a net profit of Rs. 102.86 lakhs compared to a loss of Rs. 6.14 lakhs in the previous year. The Board has not recommended any dividend, citing the need to fund future growth. Three new directors were appointed on 29 October 2024 (Nitesh Kumar, Lalkrishna Sharma, Jayshree Sharma), while Managing Director Gaurav Jain resigned on 14 February 2025. The AGM will also seek shareholder approval to alter the Memorandum of Association to add new business objects, as the company plans to expand into non-preservative food manufacturing, non-ferrous metals (copper, brass, aluminium), women's and kids' wear, and waterless yarn dyeing. No material adverse orders or regulatory actions were reported.
For shareholders, the dramatic revenue jump and return to profitability are positive signs, but the company remains very small (5 employees, paid-up capital around Rs. 10.8 cr) and is still in early stages of its diversification plans. The MOA alteration and director changes signal an upcoming strategic shift, though execution risk is high given limited current operations.