Aro Granite Industries Limited has informed the Exchange about Re-Appointment of Internal Auditor of the Company.
AROGRANITE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Aro Granite Industries reported audited results for Q4 and FY ended March 31, 2025, alongside auditor changes approved at the May 16, 2025 board meeting. Revenue from operations fell sharply to Rs 12,309.05 lacs in FY25 from Rs 15,509.48 lacs in FY24, a decline of about 20.6%. The company swung to a net loss of Rs 642.28 lacs in FY25 compared to a profit of Rs 131.40 lacs in FY24, with diluted EPS turning negative at Rs (4.07). Other income jumped to Rs 965.82 lacs (vs Rs 37.75 lacs) largely due to foreign exchange gains of Rs 844.24 lacs, which cushioned the operating performance. The board reappointed M/s Sreekantha & Co. as internal auditors for FY26 and appointed M/s S Panigrahi & Associates as secretarial auditors for a five-year term starting FY26, subject to shareholder approval. Statutory auditors issued an unmodified (clean) opinion on the financial results.
The sharp revenue contraction and swing to a full-year loss are clearly negative signals for shareholders, though strong operating cash flow of Rs 3,301 lacs and reduced borrowings show some balance-sheet resilience. The clean auditor opinion and routine auditor appointments are neutral to mildly positive from a governance standpoint.