Annual Report for the Financial Year 2024-2025
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Wagend Infra Venture Limited has filed its 43rd Annual Report for FY 2024-25 along with the AGM notice, as required under SEBI listing rules. The 43rd AGM is scheduled for September 30, 2025 via video conferencing. Key financial numbers show total income of Rs. 42.98 lakhs (down sharply from Rs. 170.80 lakhs in FY24) with no revenue from operations, and a small net profit of Rs. 2.29 lakhs versus a loss of Rs. 0.56 lakhs in the prior year. The company has no subsidiaries, joint ventures, or associate companies, and no dividend has been recommended. Two agenda items at the AGM include appointment of M/s. Motilal & Associates LLP as new statutory auditor for 5 years (replacing M/s. Singhvi & Sancheti) and changing Managing Director Mr. Munnalal Jain's status from 'not liable to retire by rotation' to 'liable to retire by rotation'.
This is a routine compliance filing with no new operational announcements. The absence of revenue from operations and the small profit suggest the company remains largely inactive from a core business standpoint, which shareholders should note. The auditor change and MD rotation status change are governance items seeking shareholder approval at the upcoming AGM.