Archidply Industries Limited has informed the Exchange about change in Management
ARCHIDPLY · price
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Awaiting price reaction for this filing.
Archidply Industries announced audited standalone and consolidated results for Q4 and FY ended March 31, 2025. Standalone revenue grew to Rs. 46,428 lakhs (from Rs. 43,575 lakhs) with net profit of Rs. 788 lakhs (up from Rs. 730 lakhs), and EPS rose to Rs. 3.97 from Rs. 3.67. However, consolidated results swung to a net loss of Rs. 736 lakhs versus a profit of Rs. 710 lakhs last year, mainly due to losses in the MDF (Medium Density Fibre Board) segment. The board approved the re-appointment of Mr. Rajiv Daga as Managing Director & CEO and Mr. Deen Dayal Daga as Executive Chairman & Whole Time Director, each for 5 years from May 30, 2025 to May 29, 2030, subject to shareholder approval. Rajneesh Sharma & Co. was appointed as Secretarial Auditor for 5 years. The statutory auditor GRV & PK issued an unmodified opinion.
Continuity at the top with the Daga family promoters continuing in leadership for another 5 years provides stability, but investors may focus on the consolidated swing to loss driven by the MDF segment. Watch for shareholder approval of the re-appointments and the MDF business turnaround in coming quarters.