Submission of 43rd Annual Report for the FY 2024-25.
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TGV Sraac Limited has submitted its 43rd Annual Report for FY 2024-25 to BSE and issued the notice for its 43rd Annual General Meeting scheduled for Saturday, September 27, 2025, at 11:30 AM, to be held via video conferencing. The Board has recommended a final dividend of Re. 1 per equity share on the face value of Rs. 10 for FY ending March 31, 2025, subject to shareholder approval. Shareholders will also consider several items including re-appointment of two retiring directors, appointment of two new whole-time directors (Ramaiah Elluru as Director-Mechanical and Raghavendra Reddy Patl as Director-Quality Assurance), appointment of Dr. Asha Reddy Mora as Independent Director for 5 years, ratification of Secretarial and Cost Auditors, and approval of material related party transactions with Sree Rayalaseema Hi-Strength Hypo Limited (SRHHL) worth Rs. 425 crore for FY 2025-26. The company is also seeking approval to create security (mortgage/charge) on its assets in favour of a consortium of four banks — Federal Bank, Indian Bank, Punjab National Bank and IDBI Bank — for term loans and working capital facilities aggregating over Rs. 200 crore.
Shareholders will receive a final dividend of Re. 1 per share if approved at the AGM (record date is September 19, 2025). The Rs. 425 crore related party transaction limit with group entity SRHHL and the creation of security for significant bank borrowings indicate continued reliance on inter-group dealings and debt funding, which investors should track for impact on related-party exposure and overall leverage.