Annual Report 2025
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Veerkrupa Jewellers Limited submitted its Annual Report for the financial year ended March 31, 2025 to BSE, along with the notice for its 6th AGM scheduled for September 30, 2025 via video conferencing. Key AGM agenda items include re-appointment of Managing Director Chirag Arvindbhai Shah, appointment of Shah Karia & Associates as new Statutory Auditors for 5 years (replacing AKGVG & Associates), appointment of Neelam Somani & Associates as Secretarial Auditor, and a special resolution to double the Authorised Share Capital from Rs. 13.20 crore to Rs. 27 crore. Financial highlights show total income surged to Rs. 29.26 crore in FY25 from Rs. 13.85 crore in FY24 (over 111% growth), but profit after tax declined to Rs. 19.92 lakh from Rs. 24.36 lakh due to sharply higher operating and administrative expenses (Rs. 2.90 crore vs Rs. 1.36 crore), indicating significant margin compression.
Revenue more than doubled year-on-year, but profitability fell sharply as costs scaled faster than the top line, pushing PBT margin to under 1%. Shareholders should note the proposed doubling of authorised share capital, which may signal plans for a future fundraising or stock split, and the change in statutory auditor.