Ador Welding Limited has informed the Exchange regarding Change in Auditors of the company.
ADOR · price
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Awaiting price reaction for this filing.
Ador Welding's board met on May 6, 2025 and approved audited financial results for FY25 with total income of Rs. 1,13,706 lakhs (up from Rs. 1,08,795 lakhs restated), but net profit fell sharply to Rs. 4,346 lakhs from Rs. 8,935 lakhs due to Rs. 4,310 lakhs in exceptional losses tied to provisions against its wholly owned subsidiary 3D Future Technologies and merger costs from Ador Fontech's amalgamation. A dividend of Rs. 20 per share (200%) has been declared, subject to shareholder approval. New statutory auditors BSR & Co. LLP will replace Walker Chandiok & Co. LLP for a 5-year term as the latter's second term expires, and N L Bhatia & Associates has been appointed as secretarial auditor. Three senior executives — Mr. Lajpat Yadav, Mr. K. Suryanarayan and Mr. Mustafa Faizullabhoy — have been designated as Key Managerial Personnel, and a new ESOP scheme covering up to 3,40,000 options was approved.
Shareholders get a healthy 200% dividend and AGM is set for July 15, 2025, but the steep drop in net profit driven by one-time write-downs on the 3DFT subsidiary may weigh on short-term sentiment even as underlying operations remain profitable.