The Annual Report along with notice of 10th Agm.
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Vedant Asset Limited has announced its 10th AGM scheduled for September 26, 2025, at 4:00 PM via video conferencing, along with the Annual Report for FY 2024-25. For FY 2024-25, total income grew about 23.8% to ₹383.56 lakhs (from ₹309.74 lakhs), driven by a 33.4% jump in operating revenue to ₹338.74 lakhs, but net profit declined 5.7% to ₹22.17 lakhs due to higher employee and other expenses. Profit before tax rose to ₹37.03 lakhs (from ₹31.76 lakhs) while EPS slipped to ₹0.80 (from ₹0.85); no dividend was declared. Key events during the year include the full divestment of subsidiary Kartik Credit Private Limited, transfer of AUM from the promoter's ARN to the company's ARN, and a new partnership with NSDL Payments Bank Limited as Corporate Business Correspondent. Remote e-voting runs from September 22-25, 2025 (cut-off date September 19), with 6 resolutions to be transacted.
For shareholders, this is a routine AGM notice — the financials show solid revenue growth but mild pressure on margins from rising costs. No dividend means income comes only from potential stock price movement; the NSDL partnership and AUM transfer are positive long-term signals but near-term profitability remains thin.