Apar Industries Limited has informed the Exchange regarding Change in Auditors of the company.
APARINDS · price
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Awaiting price reaction for this filing.
Apar Industries' board approved audited financial results for Q4 and FY25. Consolidated revenue for FY25 grew ~15% YoY to ₹18,492 crores, but profit after tax dipped marginally to ₹798.56 crores. Q4 FY25 revenue rose 16.9% YoY to ₹5,210 crores with PAT up 5.9% YoY at ₹263 crores, driven by 31.4% growth in domestic business and a 195.6% surge in the US business. The board recommended a dividend (exact amount partially obscured in filing) subject to shareholder approval. C N K & Associates LLP was re-appointed as statutory auditor for a second 5-year term (36th to 41st AGM). Rishabh Kushal Desai was redesignated from Non-Executive Director to Whole Time Director for 5 years effective September 1, 2025. Deloitte Touche Tohmatsu LLP was appointed as internal auditor for FY26.
Strong top-line growth in FY25, especially a sharp pickup in US and domestic markets, is positive for the stock. However, the slight dip in full-year PAT and lower EBITDA margin (9.3% vs 10.3%) may temper enthusiasm. The re-appointment of the existing auditor and routine board changes are governance-neutral and unlikely to move the stock.