We hereby submit Notice convening 49th Annual General Meeting of the company and Annual Report of the company for FY 2024-2025
Awaiting price reaction for this filing.
Sashwat Technocrats Limited has dispatched the notice for its 49th Annual General Meeting to be held on 30th September 2025 at 12:00 PM at its registered office in Mumbai, along with the Annual Report for FY 2024-25. The agenda includes adoption of audited financial statements, re-appointment of Mr. Rohit Doshi (DIN 03065137) as Director (retiring by rotation), and appointment of CS Manisha Chindarkar as Secretarial Auditor for a 5-year term (FY 2025-26 to FY 2029-30). The company's revenue fell sharply to Rs. 3,52,225 in FY 2024-25 from Rs. 19,46,247 in FY 2023-24, swinging from a profit of Rs. 10,29,724 to a loss of Rs. 5,99,121. No dividend has been recommended, paid-up equity capital stands at Rs. 30,62,330, and the company is flagged as 'Active Non-Compliant' on the MCA portal due to absence of Independent Directors, Internal Auditor, and Managing Director/CEO/CFO.
Shareholders should note the sharp revenue decline and the swing to a loss in FY 2024-25, along with no dividend payout. The company also has governance gaps (missing Independent Directors and key managerial personnel) that may be a concern for investors despite routine AGM agenda items.