Notice of 06th Annual General Meeting to be held on Tuesday 30th September 2025 at 2.00 Pm to be held through VC
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Veerkrupa Jewellers has notified its 06th AGM to be held on 30th September 2025 at 2:00 PM via video conferencing, along with submitting its Annual Report for FY 2024-25. Key items on the AGM agenda include adopting the audited FY25 financials, re-appointing Managing Director Chirag Arvindbhai Shah (who retires by rotation), and appointing Shah Karia & Associates as statutory auditors for a five-year term. A special resolution seeks to more than double the authorised share capital from Rs. 13.20 crore to Rs. 27 crore (27 crore shares of Rs. 1 each), and Neelam Somani & Associates is proposed as secretarial auditor for five years. Financial performance shows revenue surged to Rs. 29.26 crore in FY25 from Rs. 13.85 crore in FY24, but profit after tax fell to Rs. 19.92 lakh from Rs. 24.36 lakh, with EPS dropping sharply to Rs. 0.02 from Rs. 0.31.
Revenue doubled but profitability declined sharply, signalling margin compression. The proposed doubling of authorised capital signals potential fundraising or stock-split plans ahead, which could lead to equity dilution for existing shareholders. No dividend has been proposed in this notice.