This is further to our letter dated August 11,2025, wherein the Company had informed that the Annual General Meeting (AGM) of the Company will be held on Monday, September 22, 2025 at 3.00 ....
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Valley Magnesite Company Ltd has sent out the notice for its 37th Annual General Meeting to be held on Monday, September 22, 2025 at 3:00 PM at the registered office in Kolkata. The AGM will consider adoption of audited financial statements for FY ending March 31, 2025 and re-appointment of Mrs. Sudha Agarwalla as Director, who retires by rotation. Key financials show Profit Before Tax of ₹27.55 lakh (down sharply from ₹1.64 crore in FY24) and Profit After Tax of ₹39.25 lakh (down from ₹1.15 crore). No dividend has been recommended. The directors attributed results to gains from sale of investments and rise in market value of investments. Promoters hold 32.25% of shares, with no change in shareholding pattern during the year.
This is a routine AGM notice with no major corporate action. Profitability declined significantly year-on-year, and the decision to skip dividend may not be welcomed by income-seeking shareholders. Investors should watch for any resolutions discussed at the AGM for further direction.