The 10th Annual General meeting of the company to be held on 26th September, 2025 at 4:00 P.M IST
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Awaiting price reaction for this filing.
Vedant Asset Limited will hold its 10th Annual General Meeting on Friday, 26th September 2025 at 4:00 PM IST via video conferencing. The company has reported FY 2024-25 total revenue of ₹383.56 lakhs, up 23.8% from ₹309.74 lakhs in the previous year, driven by a 33.4% jump in operating revenue to ₹338.74 lakhs. Profit before tax rose to ₹37.03 lakhs, but profit after tax slipped to ₹22.17 lakhs (from ₹23.50 lakhs) due to a 32.6% rise in total expenses, with net profit margin compressing to 6.54% from 9.25%. The Board has not recommended any dividend, and the full profit will be transferred to reserves. Six resolutions will be tabled, with remote e-voting open from 22-25 September 2025 via Bigshare Services. Key developments during the year include full divestment of subsidiary Kartik Credit Private Limited, a partnership with NSDL Payments Bank as Corporate Business Correspondent, and several changes to the board and KMP.
Routine AGM procedural filing, but shareholders should note the lack of dividend, mild PAT decline despite strong revenue growth, and compressed margins. The stock is listed on the BSE SME platform with limited liquidity, so investors with small holdings should review the six resolutions and consider voting before the 25th September cut-off.