PFA Annual Report 2024 2025
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Transglobe Foods Ltd filed its Annual Report for FY 2024-25 along with the AGM notice. The company is a very small entity with a paid-up capital of just Rs. 14.49 lakhs (1,44,895 shares of Rs. 10 each). Total revenue rose to Rs. 18.20 lakh from Rs. 0.02 lakh in the previous year, while total expenses stood at Rs. 21.39 lakh versus Rs. 18.56 lakh. The company reported a loss after tax of Rs. 3.19 lakh, a significant improvement from the Rs. 29.24 lakh loss in FY24. No dividend has been recommended. The Board also noted two secretarial audit observations: certain MCA forms were filed with late fees, and the Nomination and Remuneration Committee composition was not fully compliant. The AGM is scheduled for September 29, 2025, via video conferencing, with proposals to reappoint statutory auditors M/s Bilimoria Mehta & Co for a second 5-year term and appoint a new secretarial auditor.
The company remains loss-making, though losses narrowed sharply and revenue picked up from a near-zero base. Shareholders should note the ongoing losses, very small scale of operations, and the disclosed compliance lapses (late filings and NRC composition issue) raised in the secretarial audit, even though the Board has termed them as inadvertent.