Appointment of Cost Auditors
Awaiting price reaction for this filing.
The Board of Triveni Engineering & Industries Ltd., at its meeting on May 27, 2025, approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025. Standalone revenue from operations rose to Rs. 6,655.40 crores from Rs. 6,149.14 crores in FY24, but profit after tax declined to Rs. 248.42 crores from Rs. 391.52 crores. Consolidated revenue stood at Rs. 6,807.94 crores with PAT of Rs. 238.26 crores. The Board recommended a final dividend of 250% (Rs. 2.50 per share of Re. 1 face value) subject to shareholder approval. The Board also appointed M/s Suresh Gupta & Associates as Secretarial Auditor for five years (FY26–FY30), and Mr Rishi Mohan Bansal and M/s GSR & Associates as Cost Auditors for Sugar and Power Transmission businesses respectively for FY 2025-26. The 89th AGM is scheduled for September 8, 2025 via video conferencing. Statutory auditors S.S. Kothari Mehta & Co. LLP issued an unmodified audit opinion.
Despite an 8% revenue growth, FY25 profits fell sharply, which may weigh on sentiment, but the unchanged Rs. 2.50 dividend (similar to prior years) signals continued shareholder rewards. Auditor appointments are routine regulatory compliance and unlikely to affect the stock.