Submission of Annual Report 2024-25 along with AGM notice (46th AGM to be held on 24.09.2025 - WED) pursuant to REG34 (1) of SEBI (LODR) Regulations 2015.
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Tamilnadu Steel Tubes Ltd has filed its Annual Report for FY2024-25 along with the notice for its 46th Annual General Meeting, to be held on Wednesday, 24 September 2025 at 10:00 AM via video conferencing. Revenue from operations stood at Rs 7,385.80 lakhs, up marginally from Rs 7,149.54 lakhs in the previous year, while EBITDA inched up to Rs 111.43 lakhs (margin of 1.51%). However, Profit After Tax dropped sharply to Rs 9.96 lakhs from Rs 28.33 lakhs, translating to EPS of just Rs 0.19 versus Rs 0.55 earlier. The Managing Director described FY25 as a challenging year with no price increases and even reductions on STAR products, though they added new auto-sector customers like Ashok Leyland. Key agenda items include re-appointment of two whole-time directors, appointment of a new CFO and secretarial auditor, a related-party royalty payment for the TNT/STAR/Jupiter trademarks to a major shareholder, and shareholder approval for selling or leasing about 6.75 acres of company land at Maraimalai Nagar.
Mixed picture for shareholders: top-line slightly improved but bottom-line weakened sharply, and the AGM seeks approval for a sizeable land disposal and related-party trademark royalty payments. Voting outcomes on the land sale and related-party items may be watched closely by minority shareholders.