Appointment of S R B C & Co LLP, Chartered Accountants as Statutory Auditors of the Company for a period of five year from 2025-26 to 2029-30 subject to the approval of the shareholders ....
Awaiting price reaction for this filing.
Sanghi Industries reported FY25 revenue from operations of ₹968.70 crore (up from ₹828 crore in FY24), but posted a net loss of ₹498.37 crore versus a loss of ₹448.79 crore a year ago. Q4 FY25 revenue rose to ₹335.25 crore with a loss of ₹116.91 crore. The losses were widened by ₹121.20 crore in exceptional items (mainly a ₹170.62 crore provision for an electricity duty dispute with Gujarat tax authorities) and higher depreciation after a reassessment of asset useful lives. The Board appointed S R B C & Co LLP as statutory auditors for a fresh five-year term (FY26–FY30) and Parikh Dave & Associates as secretarial auditors for the same period, both subject to shareholder approval. Company Secretary & Compliance Officer Anil Agrawal will step down on May 31, 2025 as part of an internal Adani Group rotation, with Pranjali Dubey taking over from June 1, 2025. The 38th AGM is set for June 26, 2025.
Investors should note the wider full-year loss, ongoing electricity duty litigation, and the proposed merger with Ambuja Cements (swap ratio of 12 Ambuja shares for every 100 Sanghi shares) still awaiting SEBI and NCLT clearance. The KMP change is a routine internal group rotation and the auditor appointment is a new five-year cycle rather than a mid-term switch, so neither is a red flag on its own.