Appointment of Cost Auditors and Change in Internal Auditors of the Company
Awaiting price reaction for this filing.
Finolex Industries' Board, meeting on 23rd May 2025, approved audited standalone and consolidated results for Q4 and FY ended 31st March 2025. Standalone FY25 revenue from operations was ₹4,141.97 Cr versus ₹4,317.43 Cr in FY24, while profit after tax jumped to ₹777.86 Cr from ₹455.30 Cr, helped by an exceptional item of ₹416.99 Cr. Consolidated FY25 PAT stood at ₹800.03 Cr with EPS of ₹12.94. The Board recommended a final dividend of ₹2 per share plus a special dividend of ₹1.60 per share, taking total dividend to ₹3.60 per share (180%) for FY25. Mr. Rachit Agrawal was redesignated as Head - Management Audit from Joint Internal Auditor. CHRO Mrs. Sarita Tripathi resigned for personal reasons effective 19th June 2025. M/s. S.R. Bhargave & Co. was re-appointed as Cost Auditor and M/s. M M Nissim & Co LLP was appointed as the new Internal Auditor after rotation of E&Y LLP.
Strong FY25 earnings with a meaningful 180% total dividend is positive for shareholders; senior management and auditor changes are routine rotations with limited impact on stock price.