Please find enclosed 36th Annual Report of the Company for the F.Y. 2024-25.
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Texel Industries Ltd has submitted its 36th Annual Report for FY 2024-25 along with the notice of its Annual General Meeting (AGM) scheduled for Monday, September 29, 2025 at 12:30 PM, to be held via video conferencing. Key financial highlights disclosed in the report show a strong turnaround: Revenue from Operations rose to Rs. 11,570.83 lacs in FY 2024-25, up about 22% from Rs. 9,489.35 lacs in FY 2023-24. Profit After Tax swung to a profit of Rs. 488.51 lacs, compared to a loss of Rs. 841.11 lacs in the previous year, helped by higher other income of Rs. 546.61 lacs (vs. Rs. 33.39 lacs). The AGM notice includes ordinary business items such as adoption of audited financial statements, and special business items covering the re-appointment of Mr. Shailesh Ramniklal Mehta as Chairman & Managing Director for three years (effective February 15, 2026) with a proposed annual remuneration of about Rs. 64.10 lacs plus perks, and the appointment of M/s. SPANJ & Associates as Secretarial Auditors for five years from FY 2025-26 to FY 2029-30.
The filing is largely procedural (annual report + AGM notice), but the embedded financial performance signals a clear business recovery for shareholders — revenue growth above 20% and a return to profitability after a prior-year loss. The CMD re-appointment ensures continuity of leadership.