Veljan Denison Limited- 51st Annual Report for the year 2024-25- as attached
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Veljan Denison Limited has filed its 51st Annual Report for FY 2024-25 along with the AGM notice scheduled for August 29, 2025. The board has recommended a final dividend of Rs 8.50 per share on the increased paid-up capital of Rs 4.50 crore (post bonus issue). Revenue grew to about Rs 15,859 lakhs from Rs 14,052 lakhs in the previous year, a rise of around 13%. Net worth strengthened to Rs 22,578 lakhs from Rs 20,488 lakhs, and profits also improved year-on-year. The AGM notice seeks shareholder approval for material related party transactions worth up to Rs 110 crore with Veljan Hydrair Limited, Rs 35 crore with Suxus Systems Limited, and Rs 35 crore with ECMAT Limited for FY 2025-26.
Shareholders stand to receive a Rs 8.50 per share dividend and benefit from the bonus issue that has improved share liquidity. The sizable related party transactions proposed for FY25-26 (totalling Rs 180 crore) warrant shareholder attention as they indicate significant inter-group dealings.