We hereby Submitting the Annual Report of Company for the year 2024-25.
Awaiting price reaction for this filing.
KLG Capital Services Limited, a non-deposit taking NBFC, submitted its 31st Annual Report along with the AGM Notice for FY2024-25 to BSE. The 31st AGM is scheduled for September 30, 2025 in Mumbai. For FY2024-25, the company reported total income of Rs. 73.04 Lacs (up from Rs. 71.70 Lacs last year) but posted a loss after tax of Rs. 73.28 Lacs (improving slightly from Rs. 3.78 Lacs loss in FY2023-24). No dividend was recommended. The AGM will consider adoption of financial statements, reappointment of Mr. Chintan Chheda, and appointment of Mrs. Neha Gandhi as Non-Independent Woman Director and Mr. Jigar Mehta as Independent Director for a 5-year term. The company's wholly-owned subsidiary KLG Stock Brokers Pvt Ltd had its stock broker membership cancelled by BSE due to non-commencement of business.
This is a routine regulatory filing with no immediate price-moving impact. The continued small losses, absence of dividend, and cancellation of the subsidiary's stock broker membership point to weak operations, though losses have marginally narrowed year-on-year. The director appointments are agenda items for shareholders to approve at the upcoming AGM.