Reg 34(1) Annual Report
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Vedant Asset, a BSE SME-listed financial services company based in Ranchi, filed its 10th AGM notice along with the FY 2024-25 annual report. The 10th AGM is scheduled for September 26, 2025 via video conferencing, with e-voting open from September 22-25, 2025. Total revenue grew to ₹383.56 lakhs from ₹309.74 lakhs (about 24% rise), driven by a 33% jump in operating revenue to ₹338.74 lakhs. However, net profit slipped to ₹22.17 lakhs from ₹23.50 lakhs due to higher employee and other expenses, and EPS fell to ₹0.8 from ₹0.85. No dividend was declared. During the year, the company divested its 100% stake in subsidiary Kartik Credit Private Limited, transferred the Managing Director's personal AUM to the company's ARN, and signed a partnership with NSDL Payments Bank as a Corporate Business Correspondent. Key management changes included a new CFO (Pooja Pandey), new Company Secretary (Garima Jain), and a new Independent Director (Aman Poddar).
Revenue growth is positive, but the slight decline in profit and absence of a dividend may not excite short-term shareholders. The NSDL Payments Bank partnership and AUM transfer to the company are growth-positive developments, though the stock is thinly traded on the BSE SME platform and carries typical small-cap liquidity risks.