Kretto Syscon Ltd — Others, 07-05-2025: AGM/EGM

Kretto Syscon Limited has announced a board meeting to consider and adopt the financial results for the quarter and half-year. The company reported a strong financial year with total income reaching ₹1170.56 lakhs and a profit before tax of ₹558.52 lakhs, significantly up from the previous year. The net profit stood at ₹413.29 lakhs. A successful Rights Issue raised its paid-up share capital substantially, enhancing the company’s financial base. The Board decided against declaring dividends to conserve resources for future growth. No material changes affecting financial position were reported post-year-end. The company strengthened its internal controls, adhered to corporate governance norms, and maintained a robust risk management framework. The Nomination and Remuneration Committee recommended and the Board approved remuneration aligned with industry standards, with no extraordinary payments. The company expanded its authorized share capital from ₹16 Cr to ₹66 Cr and increased paid-up capital via rights issue. Independent Directors met the criteria and contributed actively. No frauds or non-compliance issues were reported, except delayed advertising of financial results in one quarter. The company continues focus on software development and real estate sectors, with plans to leverage its enhanced capital for growth and technology investments.