Annual Report of M/s. Universal Starch Chem Allied Limited for the Financial Year 2024-25
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Universal Starch Chem Allied has filed its 52nd Annual Report for FY 2024-25 with the stock exchanges. The report shows total income declined to Rs. 49,238.75 lakh from Rs. 53,022.78 lakh in the previous year, and profit after tax fell sharply to Rs. 321.18 lakh from Rs. 698.53 lakh. The board has decided not to declare any dividend this year, citing market conditions. The 52nd AGM is scheduled for 30th September 2025 at 10:00 AM at the registered office in Dadar, Mumbai. During the year, three independent directors and the joint managing director resigned, while four new independent directors were inducted; M/s. Leena Agrawal & Co. is proposed as the new Secretarial Auditor for a five-year term starting FY 2025-26.
Shareholders should note a clear slowdown in earnings with profit nearly halving year-on-year and no dividend being paid, though the management cites market conditions and remains optimistic on raw material availability. The AGM will also seek approval for director appointments and the new secretarial auditor.