Pursuant to Regulation 34 of SEBI (LODR) Regulations, 2015, please find enclosed herewith the Annual Report of the Company for the Financial year ended March 31, 2025.
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The Ravalgaon Sugar Farm Limited has submitted its 90th Annual Report for FY 2024-25 to BSE as a routine compliance filing under Regulation 34 of SEBI LODR. Revenue from operations dropped sharply to Rs. 115.81 lakhs from Rs. 858.01 lakhs in the previous year, and the company reported a loss before tax of Rs. 202.70 lakhs versus a profit of Rs. 2,155.80 lakhs in FY24 (which had large exceptional items of Rs. 2,604.56 lakhs). The 90th AGM is scheduled for September 23, 2025 via video conferencing. Key AGM items include re-appointment of Chairman Mr. Harshavardhan Doshi (retiring by rotation), appointment of M/s Patkar & Pendse as new statutory auditors for a 5-year term (replacing M/s Anil A. Masand & Co.), and appointment of Mrs. Sirisha Sampat as an Independent Director for 5 years.
This is largely a procedural compliance filing, but the steep drop in operating revenue is a red flag for shareholders to evaluate. Investors should review the detailed financials in the annual report and watch how the new auditor and board changes impact governance going forward.