Appointment of Secretarial Auditors
Awaiting price reaction for this filing.
Welspun Corp's board, meeting on May 28, 2025, approved audited consolidated FY25 results with revenue from operations of Rs. 13,977.54 crores (down from Rs. 17,339.60 crores in FY24) and a sharp jump in net profit to Rs. 1,902.28 crores (vs. Rs. 1,136 crores in FY24), aided by exceptional gains of Rs. 465.68 crores from selling a stake in Nauyaan Shipyard to Reliance and trimming its EPIC holding. Auditors B S R & Co. LLP issued an unmodified opinion. The board recommended a final dividend of Rs. 5 per share (100%, on face value Rs. 5), subject to shareholder approval, and cleared raising up to Rs. 500 crores via commercial papers/NCDs on private placement for working capital needs. M/s. Siroya and BA Associates were appointed as Secretarial Auditors for five years (FY26–FY30).
Shareholders stand to receive a Rs. 5 final dividend per share, while earnings surged largely on one-off gains rather than core operations (revenue actually declined). The new fund-raising limit signals continued working capital reliance, but the Secretarial Auditor appointment is routine governance and unlikely to move the stock.