Notice of 8th Annual General Meeting to be held on Saturday 27th September 2025 at 11:00 A.m. to be held through VC
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Awaiting price reaction for this filing.
U. H. Zaveri Limited, an Ahmedabad-based gold jewellery retailer listed on BSE (Scrip Code: 541338), has filed the notice for its 8th Annual General Meeting to be held on Saturday, 27th September 2025 at 11:00 AM via video conferencing, along with the Annual Report for FY 2024-25. The company posted strong revenue growth of about 57% to Rs. 3,166.19 lakhs in FY25 from Rs. 2,016.75 lakhs in FY24, but profit after tax fell sharply to Rs. 20.88 lakhs from Rs. 64.84 lakhs due to higher input costs and operating expenses. No dividend has been recommended for FY25. Key resolutions on the AGM agenda include re-appointment of Managing Director Hitesh Shah for another 5-year term (Dec 2025 to Dec 2030), appointment of new Statutory and Secretarial Auditors for 5-year terms, and a proposal to triple the authorised share capital from Rs. 10.25 crore to Rs. 30.75 crore. The company is targeting middle-class consumers with lightweight, affordable jewellery as gold prices remain elevated.
Shareholders will vote on significant corporate actions including a major capital authorisation increase that could enable future fund-raising and potential share dilution. While the 57% revenue jump is encouraging, the steep drop in profit despite higher sales points to margin pressure that investors should watch closely.