Addendum to the Annual Report for FY 2024-25
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Williamson Financial Services has submitted an addendum to its FY 2024-25 Annual Report to BSE because certain sections were inadvertently missed in the original version filed on September 1, 2025. The missed sections are the Schedule to the Balance Sheet for Non-Deposits taking NBFC as at March 31, 2025 (pages 99-101) and the Statement of Impact of Audit Qualifications for FY ended March 31, 2025 (pages 102-104). The 52nd AGM is scheduled for September 23, 2025 at 1:00 PM via video conferencing. Other AGM items include re-appointment of Mr. Aditya Khaitan as Director and appointment of Vidhya Baid & Co as Secretarial Auditor for a 5-year term (FY 2025-26 to FY 2029-30). The Directors' Report reveals a sharp decline in revenue from operations from Rs. 211.99 lakhs to Rs. 0.93 lakhs, while total expenditure fell from Rs. 1,085.25 lakhs to Rs. 538.25 lakhs and borrowings were reduced from Rs. 46,463.99 lakhs to Rs. 44,078.61 lakhs.
This is a procedural correction filing with no direct share price impact, though the omission of the audit qualification impact statement may raise minor governance questions for investors. The dramatic revenue drop reflects drastically reduced interest income from inter-corporate deposits, signaling reduced business activity as the company continues to wind down operations.