Appointment of Secretarial Auditor and Cost Auditor.
Awaiting price reaction for this filing.
G R Infraprojects' board approved audited standalone and consolidated results for Q4 and FY ended March 31, 2025. Standalone total income fell to about ₹8,07,325 lakhs from ₹9,01,325 lakhs in FY24, while profit after tax dropped to ₹1,14,738 lakhs from ₹1,57,543 lakhs. Operating margin compressed sharply from 25.99% to 17.56% year-on-year. The statutory auditors (SRBC & Co LLP) issued an unmodified opinion but flagged an Emphasis of Matter about an ongoing employee-related regulatory case sub-judice in the Gauhati High Court. The board also appointed new Cost Auditors (Rajendra Singh Bhati & Co.) for FY26 and Secretarial Auditors (Ronak Jhuthawat & Co.) for five years, and recommended re-appointment of two directors for five-year terms effective April 1, 2026, subject to shareholder approval.
Mixed signals for shareholders: top-line and profit growth are negative, and margins have compressed significantly, while several large exceptional gains from selling subsidiary stakes to the related-party Indus Infra Trust have boosted reported numbers. The Gauhati High Court matter remains a key watch item, though auditors did not modify their opinion.