Shree Securities Reports FY25 Profit Recovery, Plans June 2026 AGM

Shree Securities Ltd reported a net profit of ₹65.72 lakh for the financial year ended March 31, 2025. This marks a significant recovery from a net loss of ₹5936.64 lakh in the previous fiscal year. Revenue from operations dipped slightly to ₹68.08 lakh from ₹70.51 lakh in FY24.

Financial Results and AGM Details

The company's Annual Report for the fiscal year ending March 31, 2025, confirms the profit of ₹65.72 lakh, a stark contrast to the previous year's substantial loss. Key figures for FY25 include revenue from operations at ₹68.08 lakh and basic Earnings Per Share (EPS) of ₹0.008. For FY24, revenue was ₹70.51 lakh, with a net loss after tax of ₹5936.64 lakh and a basic EPS of (₹0.744).

The 32nd Annual General Meeting (AGM) is scheduled for June 2, 2026, to be held online. Shareholders will vote on adopting financial statements and director appointments.

Significance of the Turnaround and AGM

The shift from a large net loss to a profit signifies a potential stabilization for Shree Securities. The AGM agenda includes critical decisions that could shape the company's future direction and governance.

Shareholder approval is sought for significant proposals, including increasing foreign investment limits and expanding the company's capacity to advance loans and guarantees, up to ₹100 Crores.

Company Background and Past Issues

Shree Securities operates as a non-banking financial company (NBFC), involved in investments and share trading. Historically, the company has encountered regulatory challenges. Past penalties from the BSE have highlighted a pattern of delayed regulatory filings, indicating ongoing compliance issues the company has faced.

Key Shareholder Votes Ahead

Shareholders will vote on several key proposals, including:

• Regularization of appointments for Non-Executive Independent Directors.
• Appointing M/s Kirti Sharma & Associates as Secretarial Auditors for five years.
• Advancing loans, guarantees, and securities under Section 185 of the Companies Act, 2013.
• Increasing the foreign investment limit (FPI/FII) to 49%.
• Investments and loans under Section 186 up to ₹100 Crores.

Compliance Challenges Highlighted

The company's secretarial audit report flagged issues, including the failure to obtain shareholder approval for directors within the stipulated three months. There were also delays in informing stock exchanges about director appointments and cessations.

Furthermore, Shree Securities has incurred penalties from the BSE for delayed regulatory compliances, including those related to depositories.

Limited Peer Comparison

Shree Securities operates in the NBFC and investment sector. However, its scale of operations, with revenues in lakhs, makes direct financial comparisons with larger listed peers challenging. The company functions in a niche segment.

Key Financial Figures

• Revenue from operations: ₹68.08 Lakhs (FY25) vs ₹70.51 Lakhs (FY24).
• Profit/(Loss) after tax: ₹65.72 Lakhs (FY25) vs (₹5936.64 Lakhs) (FY24).

Future Outlook

• The outcome of the AGM resolutions on director appointments and investment limits.
• Continued profitability trends in future financial reporting periods.
• The company's ability to address and rectify past compliance issues raised in audit reports.
• Any further regulatory updates or filings from BSE or other bodies.