Please find enclosed the 10th Annual Report and 10th AGM Notice for FY 2025 for the Annual General Meeting scheduled to be held on Septemner 25, 2025 at 11:30 a.m.
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Vandan Foods Ltd has filed its 10th Annual Report for FY 2024-25 along with the notice for its 10th AGM, scheduled for Thursday, September 25, 2025 at 11:30 AM via video conferencing. The company delivered strong financial performance, with revenue from operations more than doubling to Rs. 108.20 crore (from Rs. 48.73 crore in FY24) and profit after tax nearly tripling to Rs. 6.91 crore (from Rs. 2.46 crore in FY24). The company recently completed its IPO of 26.4 lakh equity shares at Rs. 115 per share, raising Rs. 30.36 crore, and listed on the BSE SME platform on July 7, 2025. Key business items at the AGM include increasing the borrowing limit to Rs. 100 crore, enabling creation of charges on company assets, and approving related party transactions up to Rs. 50 crore. No dividend has been recommended for FY 2024-25, with profits retained for future growth.
Strong revenue and profit growth along with the recent successful IPO listing are positive signals for the stock. However, shareholders should watch the proposed increase in borrowing capacity to Rs. 100 crore and broad related party transaction approvals, which point to possible expansion plans and may impact the capital structure going forward.