With reference to Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the 65th Annual Report for the Financial Year 2024-25 ....
Awaiting price reaction for this filing.
Chase Bright Steel Ltd has submitted its 65th Annual Report for FY 2024-25 to BSE along with the AGM notice, as required under Regulation 34 of SEBI LODR. The 65th AGM is scheduled for September 30, 2025, via video conferencing, with key items including adoption of financial statements, re-appointment of CMD Shri Avinash Jajodia (retiring by rotation), and appointment of M/s. Leena Agrawal & Co. as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30). The company reported a profit before tax of just ₹5.00 lakh but slipped to a loss of ₹12,400 after tax, down sharply from a ₹52.90 lakh profit in FY 2023-24. Notably, the company has completely stopped its manufacturing activities and now focuses on trading and exporting steel items manufactured by third-party units. No dividend has been recommended.
Shareholders should note the going-concern emphasis from auditors, the company's shift to a pure trading model with no manufacturing facility, near-zero profitability, and the absence of any dividend — these factors suggest weak fundamentals and elevated operational risk for the stock.