Sir/Madam, please find the attached Annual report of the company, for the financial year ended 31/03/2025.
XTGLOBAL · price
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Awaiting price reaction for this filing.
Xtglobal Infotech Ltd has submitted its Integrated Annual Report for FY 2024-25 to the stock exchanges and notified that its 37th Annual General Meeting will be held on September 29, 2025 at 10:00 AM via video conferencing. For FY 2024-25, the company reported consolidated revenue of ₹23,413.92 lacs (~₹234 crores) and a net profit of ₹958.31 lacs (~₹9.58 crores), with management noting that profitability moderated compared to the previous year. The AGM notice includes ordinary business such as adoption of financial statements and reappointment of directors, plus special business covering reappointment of a non-executive director, approval of related party transactions with subsidiaries XTGlobal Inc. USA (up to ₹110 crores) and Network Objects Inc. USA (up to ₹10 crores plus USD 4 lakh remuneration), appointment of VCSR & Associates as Secretarial Auditors for five years, and a proposal to raise the foreign investment limit to 100% of paid-up equity capital. The company also highlighted a fresh USD 1 million agreement with Oracle America Inc. for global time-and-material services and continued growth of its in-house Circulus accounts payable automation platform.
This is primarily a routine regulatory filing with the AGM notice and annual report, so it should not move the stock on its own. Shareholders should review the FY25 results (revenue up but profit moderated) and the related party transaction limits, particularly the ₹110 crore cap with the US subsidiary, before voting at the AGM on September 29. The proposed 100% foreign investment limit and a new USD 1 million Oracle deal signal the company's intent to attract global capital and deepen its largest client relationship.