Alkyl Amines Chemicals Limited has informed the Exchange regarding Change in Auditors of the company.
ALKYLAMINE · price
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Awaiting price reaction for this filing.
Alkyl Amines Chemicals reported strong FY25 audited results on May 9, 2025. Revenue from operations grew 9% to Rs. 1,571.82 crore (from Rs. 1,440.61 crore), while profit after tax rose about 25% to Rs. 186.14 crore (from Rs. 148.87 crore). EPS for the year stood at Rs. 36.40 versus Rs. 29.13 last year. The board recommended a final dividend of Rs. 10 per share (500%) on the Rs. 2 face value shares, subject to shareholder approval. Despite the headline about a 'change in auditors,' the statutory auditor (N. M. Raiji & Co.) continues unchanged and gave an unmodified (clean) opinion. What changed is the appointment of new internal auditors (Aneja Assurance for 3 years) and a new secretarial auditor (P. Mehta & Associates for 5 years).
Positive for shareholders: strong revenue and profit growth of around 25% in PAT, a generous 500% final dividend, and a clean audit report. The auditor changes are routine and do not signal any governance concerns.