Submission of 33rd Annual Report of the Company
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Awaiting price reaction for this filing.
VSF Projects Ltd has submitted its 33rd Annual Report for FY 2024-25 to BSE, with the 33rd AGM scheduled for 30th September 2025. The company reported zero revenue from operations and a loss after tax of Rs. 29.41 lakhs, compared to a profit of Rs. 3,534.52 lakhs in FY23-24 (which had exceptional items of Rs. 3,550 lakhs). Other income rose to Rs. 42.88 lakhs from Rs. 3.56 lakhs, mainly interest on bank deposits, as the company focused on setting up a Multi Product Free Trade Warehousing Zone. No dividend was recommended. During the year, the company completed a Rights Issue, raising paid-up capital from Rs. 6.58 crore to Rs. 16.40 crore. Statutory auditor M/s NVSR & Associates LLP resigned, replaced by V D P & Co, and P S Rao & Associates was appointed as Secretarial Auditor for 5 years. Several director changes occurred, and Corporate Governance compliance began from 24.12.2024 as paid-up capital crossed Rs. 10 crore.
Shareholders should note the company remains in a loss-making operational phase with no revenue from core activities, though the Rights Issue strengthened its capital base. The auditor change and pending FTWZ project are key items to watch, but there is no immediate catalyst for share price movement from this routine annual report filing.