Enclosed herewith the Annual Board Report of the Financial Year 2024-25
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Titaanium Ten Enterprise Ltd, a Surat-based yarn-to-fashion company listed on the BSE SME platform, has submitted its 17th Annual Report for FY 2024-25 along with the AGM notice. Total income fell sharply to Rs. 13,035.50 lakhs from Rs. 19,151.73 lakhs in FY24, a decline of about 32%. Despite the revenue drop, net profit after tax more than doubled to Rs. 311.01 lakhs from Rs. 132.31 lakhs, helped by lower total expenses. No dividend was recommended, and the company retained the entire profit. The 17th AGM is scheduled for 26th September 2025. Shareholders will vote on adopting the financial statements, re-appointing Mrs. Ilaben Kapadia as director, increasing the remuneration of non-executive director Mrs. Shhalu Kapadia from Rs. 6 lakh to Rs. 9 lakh per annum, appointing a new secretarial auditor for five years, and approving related party transactions worth up to Rs. 25 crores each with entities having common directors.
For shareholders: The sharp fall in revenue is a concern, but the strong improvement in profitability suggests better margins or cost control. The related party transactions of up to Rs. 25 crores per related party and the increase in director remuneration are items to watch, as they involve promoter-linked entities. Overall, the stock may see limited immediate reaction as this is a routine annual report submission.