Annual Report for the Financial Year 2024-25
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Victoria Mills Limited has submitted its 112th Annual Report for FY 2024-25 along with the notice for its AGM to be held on 26th September 2025 via video conferencing. Total income rose sharply to ₹3,049.52 Lakhs from ₹1,857.57 Lakhs in the previous year, driven by operating income of ₹2,995 Lakhs (vs ₹1,700 Lakhs). However, net profit after tax declined to ₹55.43 Lakhs from ₹72.83 Lakhs. The Board has recommended a dividend of 50% (same as previous year), entailing an outflow of ₹49.28 Lakhs. Key agenda items include adoption of financial statements, declaration of dividend, re-appointment of Mr. Aditya Mangaldas as Director (retiring by rotation), and appointment of M/s. Nilesh Shah and Associates as Secretarial Auditor for five years (FY2025-26 to FY2029-30). The Company also transferred 2,888 shares to the IEPF Authority in respect of unclaimed dividends.
For shareholders: A steady 50% dividend is being maintained despite lower profits, signalling consistent returns. The sharp revenue growth combined with falling profits suggests margin pressure or higher costs, which investors should review in the detailed financials. The AGM items are largely routine except the new Secretarial Auditor appointment.