Ador Welding Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
ADOR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ador Welding's board, meeting on 6th May 2025, declared a Rs. 20 per share dividend (200% on the Rs. 10 face value) for FY25, pending shareholder approval at the AGM on 15th July 2025. Audited standalone FY25 results showed revenue rising modestly to Rs. 1,13,706 lakhs from Rs. 1,08,795 lakhs (restated), while net profit fell sharply to Rs. 4,346 lakhs from Rs. 8,935 lakhs, hit by Rs. 4,310 lakhs in one-time exceptional charges. These charges include a Rs. 3,171 lakh write-down on its wholly-owned subsidiary 3D Future Technologies, Rs. 706 lakhs in merger-related stamp duty and professional fees, and smaller provisions for obsolete inventory and employee rewards. The board appointed BSR & Co. LLP as new statutory auditors for a 5-year term, replacing Walker Chandiok & Co. LLP, designated three new KMPs, and approved an ESOP 2025 covering up to 3.4 lakh stock options. The Articles of Association were amended to raise the maximum director age from 65 to 70 years, and prior-year figures were restated to reflect the merger with fellow subsidiary Ador Fontech Limited, which became effective in September 2024.
The 200% dividend declaration signals management's confidence in cash generation despite a sharp headline profit decline, but shareholders should note the drop is largely driven by non-cash write-downs on the struggling 3DFT subsidiary. The auditor change and AOA amendment are routine governance items unlikely to move the stock materially.