We hereby submit 2nd Annual Report for the FY ending on 31.03.2025.
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United Cotfab Limited, a BSE SME-listed manufacturer of open end yarn based in Ahmedabad, has filed its 2nd Annual Report for FY2024-25. The company was incorporated in 2023 and converted from a private limited entity, with promoters Nirmalkumar Mangalchand Mittal and Gagan Nirmalkumar Mittal bringing over 55 years of textile industry experience. During the year, the company listed on the BSE SME platform and spent Rs. 10.26 lakh on CSR initiatives. The report notes peak capacity utilization, focus on recycled cotton and green energy, and a workforce of 95-100 employees. Notice for the 2nd AGM on September 29, 2025 includes approval of material related party transactions up to Rs. 100 crore each with Vinod Spinners Private Limited and United Polyfab Gujarat Limited, and Rs. 50 crore each with United Polyfab Private Limited and Vishan International LLP.
For shareholders, this is a routine annual compliance filing that also signals significant inter-group transactions with promoter-related entities, which may warrant attention for governance and pricing fairness. The recently listed company's emphasis on sustainability and capacity utilization provides a glimpse of growth direction, though detailed financials were not included in the visible portion of this report.