PFA FILE
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Awaiting price reaction for this filing.
Sanmitra Commercial Limited filed its 41st Annual Report for FY 2024-2025 with BSE (Scrip Code: 512062). The company reported a net profit after tax of Rs. 36.84 lakh, sharply higher than Rs. 10.17 lakh in the previous year — a jump of over 260%. The company has not carried out any major business activity during the year and management is exploring diversification. To earn some income, surplus funds have been deployed as temporary loans and advances. No dividend was recommended due to accumulated losses. The auditor (Laxmikant Kabra & Co LLP) issued a clean opinion but included an Emphasis of Matter flagging unsettled trade payables and receivables from the discontinued business (since FY 2018-19) and loans/advances given to parties whose recoverability could not be confirmed.
Shareholders should note the company is effectively non-operational, with profits driven mainly from interest on deployed surplus funds rather than core business activity. The auditor's emphasis on unrecoverable old receivables and unconfirmed loans adds caution, though the sharp rise in profit is a positive signal. The stock remains a thinly-traded, small-cap entity with no dividend and uncertain business direction.