Annual report fy2024-25
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Thakral Services (India) Limited has filed its 42nd Annual Report for FY2024-25 and announced its AGM will be held on Friday, September 26, 2025 at 11:30 AM via video conferencing. The company's books will remain closed from September 20 to September 26, 2025, with the e-voting cut-off date set as September 19, 2025. Key financial results show Gross Income collapsed sharply to Rs. 102.33 lakhs from Rs. 2,495.81 lakhs in FY2023-24, following the sale of the securities business to Thakral Innovations Pvt. Ltd. Loss after tax narrowed significantly to Rs. -25.31 lakhs from Rs. -351.45 lakhs in the previous year. No dividend has been declared due to accumulated losses. The AGM will consider re-appointment of Managing Director Mrs. Nirmala Sridhar for one year (basic salary Rs. 87,450/month plus Rs. 85,580/month in allowances) and appointment of M/s. Somy Jacob & Associates as Secretarial Auditors for five consecutive years from FY2025-26. The company, previously in Electronic Security (CCTV, access control, fire detection, alarms), is now exploring new business avenues.
Shareholders should note the continued losses and absence of dividends, though the steep reduction in losses and revenue decline reflects the sale of the securities business rather than operational deterioration. The book closure period (Sept 20-26) means no share transfers will be processed, and the record date for voting eligibility is Sept 19. The MD re-appointment ensures leadership continuity while the company searches for new business directions.