Appointment of Secretarial Auditors for a period of five years from F Y 2025-26 to 2029-30
Awaiting price reaction for this filing.
The Board of Sanghi Industries approved audited financial results for Q4 and FY ended March 31, 2025, with statutory auditors SRBC & Co. LLP issuing an unmodified (clean) opinion. For FY25, total income rose to ₹1,007.40 crore from ₹833.95 crore YoY, but net loss widened to ₹498.37 crore (EPS of ₹(19.29)) due to higher finance costs, depreciation, and a ₹121.20 crore exceptional provision for litigation/disputed electricity duty matters. The Board appointed SRBC & Co. LLP as Statutory Auditor and Parikh Dave & Associates as Secretarial Auditor, each for a five-year term (FY26–FY30). Mr. Anil Agrawal is stepping down as Company Secretary & Compliance Officer effective May 31, 2025 to take up another role within the Adani Group, with Ms. Pranjali Dubey replacing him from June 1, 2025. The 38th AGM is scheduled for June 26, 2025 via video conferencing.
The widening losses and large exceptional provisions for legacy litigation weigh on near-term sentiment, though revenue growth and a clean audit opinion are positives. The KMP transition is a routine internal Adani Group reshuffle, while the pending merger scheme with Ambuja Cements remains the key future catalyst for shareholders.