Submission of Annual Report with Notice of 33RD Annual General Meeting for FY 2024-25
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VMS Industries Ltd has submitted its Annual Report for FY 2024-25 along with the Notice for its 33rd Annual General Meeting, scheduled for Thursday, 18th September 2025 at 3:00 PM via video conferencing. Revenue from operations rose to Rs. 28,855.88 lakhs from Rs. 26,637.28 lakhs in FY23-24, an 8.3% increase, while profit before tax improved to Rs. 912.86 lakhs from Rs. 844.63 lakhs. The AGM includes ordinary items like adopting financials, re-appointing auditor S N Shah & Associates, and re-electing Whole Time Director Sangeeta Jain. Key special business items seek shareholder approval for related party transactions up to Rs. 500 crores with Aditya Ultra Steel Limited and up to Rs. 100 crores with VMS TMT Limited, plus a Rs. 50 crore loan to VMS TMT under Section 185. The meeting also proposes appointing Ms. Dhwani Nagar as Independent Director and Umesh Ved & Associates as Secretarial Auditor for five years (FY 2025-26 to 2029-30).
Routine annual filing, but shareholders will need to vote on large related party transactions worth up to Rs. 600 crores combined, involving entities connected to the promoter family. Approval of these resolutions would enable VMS to continue significant business dealings with group companies VMS TMT and Aditya Ultra Steel.