Pursuant to Regulation 34 and Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we submit herewith the Annual Report of the Company for the ....
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Wallfort Financial Services Ltd has submitted its 30th Annual Report for FY 2024-25 along with the AGM notice. The 30th AGM is scheduled for September 25, 2025 at 4:00 PM via video conferencing. The company, which provides equity brokerage and research services, saw a sharp decline in performance — revenue from operations fell to ₹3.33 crore from ₹5.08 crore (down ~34%) and profit after tax dropped to ₹1.20 crore from ₹2.96 crore (down ~59%). Management attributed the decline to a steep fall in the value of investments during the second half of FY25 driven by global macro factors and tariff headwinds. No dividend has been recommended, and there were no changes to share capital. Audit reports had no qualifications or adverse remarks. The Board also proposes appointing M/s Priti J Sheth & Associates as Secretarial Auditors for a five-year term starting FY2025-26.
Shareholders should note the significant year-on-year decline in both revenue and profits, mainly due to mark-to-market losses on investments rather than core brokerage weakness. The absence of a dividend and no change in share capital mean no direct cash return, but the clean audit report and stable governance structure provide some comfort for long-term holders.