Zenith Exports Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 24, 2025
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Zenith Exports Limited has informed the stock exchanges about its 43rd Annual General Meeting (AGM) scheduled for Wednesday, September 24, 2025 at 11:30 a.m., to be held via Video Conferencing (VC) / Other Audio Visual Means (OAVM). The cut-off date for e-voting eligibility is September 17, 2025, with remote e-voting open from September 21 to September 23, 2025. Three key items will be taken up: adoption of audited financial statements for FY2024-25, re-appointment of Mr. Varun Loyalka as Director (retiring by rotation), and appointment of Mr. Vivek Mishra of M & A Associates as Secretarial Auditor for five consecutive years (FY2025-26 to FY2029-30) at Rs. 40,000 plus tax. The annual report reveals FY2024-25 revenue from operations declined to Rs. 7,210.31 lakhs from Rs. 8,169.52 lakhs in FY2023-24, but net profit after tax jumped to Rs. 171.30 lakhs from Rs. 30.32 lakhs. No dividend was recommended for the year, and the company disclosed an SEBI settlement order against promoter Mr. Rajkumar Loyalka for a takeover regulation violation, with a settlement amount of Rs. 3,34,687 paid in January 2025.
This is a routine AGM notice with no major corporate action beyond director re-appointment and auditor ratification. Shareholders as of the September 17, 2025 cut-off date can vote electronically, and the improved profitability (nearly 5x growth in net profit despite lower revenue) signals better margins, though declining turnover and absence of dividend may temper sentiment.