AETHERNSEAether Industries LimitedLowNeutral
Announced Thu, 24 Jul · 16:18 IST

Appointment of various Auditors

Management Changes View source PDF

AETHER · price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Aether Industries' Board met on July 24, 2025, and approved Q1 FY26 (ended June 30, 2025) financial results. On a consolidated basis, revenue from operations rose 35% year-on-year to ₹2,561 million, EBITDA jumped 94% YoY to ₹781 million, and profit after tax grew 57% YoY to ₹470 million (EPS of ₹3.55). The company also appointed new auditors: Suresh I. Surana & Associates LLP as Statutory Auditor and Dhirren R. Dave & Company as Secretarial Auditor, both for 5-year terms (FY25-26 to FY29-30), along with PAAA & Associates as Cost Auditor and Riddhi Chitaliya as Internal Auditor for FY25-26. The 13th Annual General Meeting was scheduled for September 12, 2025. Additionally, the Board addressed an NSE notice for non-compliance with Regulation 23(9) (related to related-party transaction disclosures) carrying a fine of ₹3.18 lakh, which the company attributed to a technical submission issue and is resolving with the exchange.

Likely market impact

Strong YoY growth in revenue and profits reflects healthy business momentum and a potential positive catalyst for the stock. The auditor appointments are routine and the NSE compliance issue appears to be a minor technical matter with no material financial impact.