Appointment of Secretarial Auditor
Awaiting price reaction for this filing.
Triveni Engineering & Industries (BSE: 532356, NSE: TRIVENI) announced audited financial results for Q4 and FY ended March 31, 2025. Standalone revenue from operations rose to Rs. 6,655.40 crores (up ~8.2% YoY from Rs. 6,149.14 crores), but standalone profit after tax fell ~36.5% to Rs. 248.42 crores (from Rs. 391.52 crores). Consolidated revenue was Rs. 6,807.94 crores with PAT of Rs. 238.26 crores. Statutory auditors S.S. Kothari Mehta & Co. LLP issued an unmodified (clean) opinion. The Board recommended a dividend of 250% i.e., Rs. 2.50 per share (face value Re. 1), subject to shareholder approval at the 89th AGM on September 8, 2025. M/s Suresh Gupta & Associates was appointed as Secretarial Auditor for 5 years (FY 2025-26 to FY 2029-30) and Cost Auditors were appointed for Sugar and Power Transmission businesses.
Positive on shareholder returns via Rs. 2.50 dividend; however, the sharp drop in profits YoY (despite revenue growth) signals margin pressure and may weigh on the stock. The clean audit opinion and routine auditor appointments are neutral items.