Notice of the 38th Annual General Meeting and Annual Report for the Financial Year 2024-25
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Waterbase Ltd has filed the notice for its 38th Annual General Meeting scheduled for Thursday, September 25, 2025 at 12:30 PM via video conferencing, along with the Annual Report for FY 2024-25. The company reported total income of Rs. 28,293 lakhs in FY25, down from Rs. 34,230 lakhs in FY24, with segment revenues of Rs. 13,442 lakhs from Shrimp Feeds and Rs. 13,390 lakhs from Processed Shrimp. Revenue from operations fell to Rs. 27,770.66 lakhs, while the net loss widened to Rs. 1,815.32 lakhs from Rs. 1,043.61 lakhs in the prior year, primarily due to losses in the processing vertical. EBITDA remained negative at Rs. (1,396.21) lakhs, though profit before tax improved to Rs. 2,388.89 lakhs. The company cited industry headwinds including US seafood tariffs, global oversupply, and weaker shrimp prices as key challenges.
Shareholders should note the continued net loss, declining net worth (Rs. 155.3 Cr vs Rs. 172.7 Cr) and rising debt-equity ratio (0.28x vs 0.15x), though management remains optimistic about recovery from US tariff stabilization and processing upgrades. Investors should review the AGM notice for any resolutions on capital, dividends, or director appointments.