BNR Udyog Ltd — Others, 25-06-2025: AGM/EGM

BNR Udyog Limited has announced a board meeting on July 22, 2025, via video conference for the 31st Annual General Meeting (AGM) to approve financial statements and conduct key re-appointments. The company plans to reappoint Mr. Sandeep Rathi as Executive Director and CFO with a monthly remuneration of Rs.1.50 lakh for three years, and Mr. Kamal Narayan Rathi as Managing Director with a monthly remuneration of Rs.1.75 lakh for three years. M/s. Aakanksha Dubey & Co. is proposed as the new Secretarial Auditor for five years. The company operates in IT, IT Enabled Services, business support, financial investments, and real estate.

For the financial year 2024-25, total income declined sharply to Rs.166.65 lakhs from Rs.723.72 lakhs the previous year, resulting in a loss of Rs.54.84 lakhs compared to a profit of Rs.444.57 lakhs in 2023-24. This drop is mainly due to a steep fall in market value of shares and adverse economic conditions. The balance sheet shows equity of Rs.968.58 lakhs and total assets of Rs.1001.11 lakhs. The company reclassified certain investments from non-current to current financial assets, impacting presentation but not net worth. Internal controls, audit reports, and compliance systems are reported to be adequate and effective. There were no material litigations or regulatory penalties reported. Key risks include market volatility and changes in government policy affecting IT and real estate.