Appointment of Secretarial Auditor and Internal Auditor
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Awaiting price reaction for this filing.
Amrapali Industries Ltd informed the stock exchange about its Board meeting held on May 29, 2025. The Board approved the audited financial results for the quarter and year ended March 31, 2025, which received an unmodified (clean) opinion from statutory auditor B.B. Gusani & Associates. The Board also appointed M/s. S P Thakker & Associates as Internal Auditor for FY 2025-26 and CS Bhumika Vipulbhai Ranpura as Secretarial Auditor for a 5-year term (FY 2025-26 to FY 2029-30), subject to shareholder approval. For FY25, revenue from operations grew to Rs 27,304.56 lakhs from Rs 25,633.97 lakhs in FY24, while net profit jumped sharply to Rs 164.77 lakhs from Rs 29.66 lakhs. However, operating cash flow turned negative at Rs -634.48 lakhs versus Rs 520.50 lakhs last year.
Routine governance update — auditor appointments are standard and the clean audit opinion is positive. The strong profit growth is encouraging for shareholders, though the swing to negative operating cash flow is a point to watch, indicating working capital pressures despite higher reported profits.