Submission of 37th Annual Report (including Notice of AGM) under Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 for the Financial Year 2024- 25.
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Sybly Industries Limited has submitted its 37th Annual Report along with the AGM notice to BSE for the financial year ended March 31, 2025. The company's revenue declined sharply to Rs. 2.03 lakh from Rs. 3.41 lakh in the previous year, though the net loss narrowed to Rs. 24.05 lakh from Rs. 352.24 lakh. The management has decided to shut down its Polyester Yarn manufacturing unit at Muradnagar, Ghaziabad due to obsolete machinery and high costs, and will continue only trading of yarn and textile products. The 37th AGM is scheduled for September 29, 2025 via video conferencing, where shareholders will vote on adopting financials, appointing M/s. Subodh K & Associates as statutory auditor for five years, and regularising three new directors.
Shareholders should note the company is loss-making and has wound down manufacturing to focus only on trading, signalling a significant business contraction. The AGM will also see a major board reshuffle with several old directors exiting and three new non-executive directors seeking regularisation, which investors may want to watch closely.