Atlas Cycles (Haryana) Limited — Others, 16-07-2025: Shareholders meeting

Atlas Cycles has announced its 74th Annual General Meeting to approve the FY25 Annual Report. The company saw robust revenue growth to ₹17.14 Cr from ₹6.36 Cr last year, with net profit surging to ₹9.51 Cr. Bicycle production also increased. Positively, the trading suspension on BSE and NSE for its shares was revoked in December 2024. However, auditors issued a qualified opinion due to unprovided interest on overdue creditor payments, including an accumulated ₹4.95 Cr on inter-corporate loans which understated FY25 profit by ₹0.99 Cr. Other concerns include unprovided audit fees and un-reconciled export advances. Management expects to settle creditor dues without interest.