Please find enclosed herewith Annual Report of the Company for FY 2024-2025
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Awaiting price reaction for this filing.
Vallabh Steels has submitted its 45th AGM notice and annual report to BSE. The AGM is scheduled for September 30, 2025, at 10:00 AM at the registered office in Ludhiana. Key items on the agenda include adopting audited financial statements for FY25, re-appointing Mr. Rohit Mittal as a director, appointing M/s Kajal Rai & Associates as Secretarial Auditor for five years (FY26–FY30) at Rs. 40,000 per year plus taxes, and re-appointing Neelam Sharma and Manoj Kumar as independent directors for second five-year terms. The company's financials show revenue of just Rs. 0.03 lakh (unchanged from last year) and a loss after tax of Rs. 141.43 lakhs, narrowed from Rs. 178.80 lakhs in the previous year. Management attributes the weak performance to a shortage of working capital, and no dividend has been recommended.
This is a routine regulatory filing, but the financials highlight serious concerns — negligible revenue and ongoing losses suggest the company is barely operational. Shareholders should note the working capital issues and the absence of any dividend, which signals continued financial stress.