Allied Digital Services Limited has informed the Exchange regarding Appointment of Mrs Tejal Prakash Shah as Executive Director of the company w.e.f. May 25, 2026.
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Awaiting price reaction for this filing.
The board approved audited standalone results for FY25, reporting total income of Rs. 40,458 lakhs (up about 41% from Rs. 28,788 lakhs in FY24) and net profit of Rs. 4,337 lakhs (nearly double from Rs. 2,220 lakhs). Basic EPS rose to Rs. 7.77 from Rs. 4.01, and a dividend of Rs. 1.50 per share was recommended subject to shareholder approval. The board also recommended re-appointment of Managing Director Nitin Shah and Executive Director Tejal Shah (a relative of the promoter family) for fresh 5-year terms, along with two independent directors. The statutory auditor issued a qualified opinion flagging non-compliance with Ind-AS 8, an unreconciled Rs. 610 lakh GST input tax credit gap, and interest-free loans of Rs. 11,625 lakhs (largely to its US subsidiary Allied Inc.) that violate Section 186(7) of the Companies Act.
Strong profit growth and a reasonable dividend are positives for shareholders, but the qualified audit opinion over related-party interest-free loans and past accounting errors is a governance red flag that investors should weigh against the earnings story.