Kindly find the enclosed Annual Report for FY 2025 and AGM Notice for the AGM scheduled to be held on September 25, 2025 at 11:30 am
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Vandan Foods Limited has filed its 10th Annual Report for FY 2024-25 along with the notice for its 10th Annual General Meeting, scheduled for September 25, 2025 at 11:30 AM through video conferencing. The company posted strong results — revenue from operations more than doubled to Rs. 10,819.77 lakh (from Rs. 4,873.04 lakh in FY24), while profit after tax nearly tripled to Rs. 690.70 lakh (from Rs. 245.91 lakh). The company recently completed its IPO of 26.4 lakh shares at Rs. 115 each, raising about Rs. 30.36 crore, and got listed on the BSE SME platform on July 7, 2025. No dividend has been recommended for FY25. Shareholders will vote on routine items (adoption of financials, director re-appointment, ratification of cost auditor fees of Rs. 30,000) along with special business including raising the borrowing limit to Rs. 100 crore, creating charges on company assets up to Rs. 100 crore, and approving related party transactions up to Rs. 50 crore.
Strong top-line and bottom-line growth is a positive signal for a newly-listed company, though the absence of a dividend means all profits are being retained. The proposed jump in the borrowing limit to Rs. 100 crore (from a much smaller base, given the company's current size) and the Rs. 50 crore related party transaction ceiling are worth watching as governance-related items at the AGM.