Swastik Safe Deposit & Investments Ltd — Others, 26-05-2025: AGM/EGM

The Swastik Safe Deposit and Investments Limited has announced a board meeting on June 19, 2025, to consider the financial results for the quarter and half-year, declare a dividend of Re. 1/- per share (10%), and approve the appointment of Mr. Sunil Adukia as director and Mr. Jaimin Desai as Independent Director for five years. The company proposes M/s V K Bhanushali & Co. as Secretarial Auditor for five years. Financial performance shows a profit of Rs. 11.81 lakhs for FY 2025, down from Rs. 121.75 lakhs the previous year, with total income stable around Rs. 94.6 lakhs. The Company continues to operate as an NBFC but plans to surrender its RBI registration due to not meeting a key business criterion. No changes occurred in share capital, and the company maintains strong capital adequacy with CRAR over 127%. No new borrowings or deposits were taken. Corporate governance and internal controls are adequate, with no reported incidents of fraud or non-compliance. CSR spending amounted to Rs. 2.25 lakhs focused on education through Kaivalya Education Foundation. There were no employee remunerations or contentious legal matters affecting operations.