Safa Systems & Technologies Ltd — Others, 26-06-2025: AGM/EGM

Safa Systems & Technologies Limited has announced a board meeting to consider the financial results for the quarter and half-year 2024-25, among other agenda items. The company proposes to increase its authorized share capital from Rs. 275 Cr to Rs. 520 Cr to accommodate future growth. The board recommends the reappointment of Mr. Faizal Bavaraparambil Abdul Khader as Managing Director for five years from Dec 2024, with remuneration of Rs. 18.20 lakh. Approvals are also sought for providing loans, guarantees, and investments up to Rs. 200 Cr, including to entities where directors have interest, up to Rs. 50 Cr. M/s Amit Saxena & Associates has been appointed as Secretarial Auditor for five years from FY 2025-26.

Financially, standalone revenue declined to Rs. 520.93 Cr from Rs. 629.67 Cr last year, with net profit slipping to Rs. 1.67 Cr from Rs. 2.14 Cr. Consolidated revenue also decreased to Rs. 520.97 Cr from Rs. 629.73 Cr, but consolidated net profit improved to Rs. 3.82 Cr from Rs. 2.25 Cr. EPS (Basic & Diluted) stand at Rs. 0.67 standalone and Rs. 1.53 consolidated. The company maintains a healthy current ratio of 1.37 times and a debt-equity ratio of 1.10 times. Working capital is adequate, supported by inventory of Rs. 9.67 Cr and trade receivables of Rs. 46 Cr standalone.

The board has maintained focus on strengthening internal financial controls and corporate governance. No material regulatory or legal issues impact ongoing business. Related party transactions and loans are disclosed and approved by the audit committee. The company operates primarily in mobile phones and electronics distribution with one subsidiary and one associate.

Key operational updates include stable board composition, with 12 board meetings held during the year, and ongoing efforts to rehabilitate and execute growth plans amidst industry fluctuations. Leadership continues to emphasize risk management, sustainability, and compliance.