Please find enclosed Integrated Annual Report for the Financial Year 2024-2025
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United Credit Limited has submitted its 54th Integrated Annual Report for FY 2024-25 along with the notice for the 54th Annual General Meeting (AGM) to be held on September 15, 2025 at 11:00 AM via video conferencing. The company reported total revenue of Rs. 374.42 lakhs, slightly down from Rs. 410.51 lakhs in the previous year. Net profit declined to Rs. 101.39 lakhs from Rs. 163.55 lakhs, while profit before tax stood at Rs. 130.14 lakhs versus Rs. 207.67 lakhs in FY 2023-24. The directors did not recommend any dividend, citing the need for funds for operations and diversification. The company transferred Rs. 20.28 lakhs to the Reserve Fund as per RBI norms for NBFCs. The AGM will also consider the appointment of Mr. Sumantra Sinha as Secretarial Auditor for a five-year term (FY 2025-26 to FY 2029-30) and the re-appointment of Mr. Devashish Dabriwal as a director.
Shareholders should note the decline in profitability year-on-year and the absence of a dividend for FY 2024-25. The e-voting window runs from September 11-14, 2025, with September 8, 2025 as the cut-off date for voting eligibility. The results reflect modest top-line growth but pressure on bottom-line earnings, though the company remains optimistic on growth prospects across lending, real estate, and equity trading segments.