ATTACHED HEREWITH THE ANNUAL REPORT FOR THE FINANCIAL YEARG 2024-2025
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Titaanium Ten Enterprise Ltd, a Surat-based yarn, fabric and fashion company listed on the BSE SME platform, filed its 17th Annual Report for FY2024-25 along with the AGM notice. Revenue from operations fell sharply to Rs. 13,034.07 lakhs from Rs. 19,134.57 lakhs in the previous year, a decline of about 32%. Despite the drop in sales, net profit more than doubled to Rs. 311.01 lakhs from Rs. 132.31 lakhs, helped by lower total expenses. The Board has not recommended any dividend. The 17th AGM is scheduled for September 26, 2025, where shareholders will vote on adopting the financial statements, re-appointing a director, increasing the remuneration of a non-executive director from Rs. 6 lakh to Rs. 9 lakh per annum, appointing the secretarial auditor for five years, and approving related party transactions of up to Rs. 25 crores each with five related parties including ILA Corporation, Shhalu Kapadia, Ilaben R Kapadia, Titaanium Trends Private Limited, and Rohitkumar H Kapadia HUF.
The sharp revenue decline despite a strong profit jump signals significant margin expansion on a much smaller top-line, which investors should watch closely. The sizeable proposed related party transactions (up to Rs. 125 crores aggregate limit across five related parties) and the increase in director remuneration are items that minority shareholders may want to evaluate before voting at the AGM.