Addendum to the Annual Report for the FY 2024-25
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Williamson Financial Services Ltd has submitted an addendum to its FY 2024-25 Annual Report after certain information was inadvertently missed out from the Director's Report section under 'Secretarial Audit and Secretarial Audit Report'. The 52nd Annual General Meeting is scheduled for September 23, 2025 at 1:00 PM via video conferencing. Key business items include adoption of audited financial statements, re-appointment of Mr. Aditya Khaitan as Director (retiring by rotation), and appointment of M/s Vidhya Baid & Co as Secretarial Auditor for a 5-year term (FY 2025-26 to FY 2029-30). From the financial highlights, revenue from operations dropped sharply 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, narrowing the net operating loss from Rs. 471.81 lakhs to Rs. 444.74 lakhs. Borrowings also reduced from Rs. 46,463.99 lakhs to Rs. 44,078.61 lakhs.
This is largely an administrative correction to the Annual Report with no material impact on shareholders, though the AGM agenda confirms continued business contraction with significantly reduced revenue and only a modest narrowing of losses. The appointment of a new secretarial auditor for a 5-year term is a routine compliance matter.