Art Nirman Limited has informed the Exchange regarding 'Appointment of CS Yash Mehta, Partner of Agarwal & Mehta Company Secretaries LLP & Associates, Ahmedabad as a Secretarial Auditor of the Company for the term of 5 years from the F.Y. 2025-26'.
ARTNIRMAN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Art Nirman Limited's board, which met on May 26, 2025, approved audited standalone results for Q4 and FY25 with an unmodified (clean) opinion from statutory auditor KDN & Associates LLP. Key governance changes: CS Yash Mehta (Agarwal & Mehta LLP) appointed as Secretarial Auditor for 5 years from FY26, Mrs. Ankita Jain appointed as Company Secretary & Compliance Officer, and D.K. Thakkar & Co. re-appointed as Internal Auditor for FY26. Financially, FY25 revenue fell to Rs 2,738.52 lakh from Rs 3,428.99 lakh, but net profit rose to Rs 199.23 lakh (from Rs 117.87 lakh) and EPS improved to Rs 0.80 (from Rs 0.47). Q4 FY25 revenue dropped to Rs 892.39 lakh versus Rs 1,337.71 lakh YoY, even as quarterly profit climbed to Rs 77.39 lakh from Rs 20.80 lakh. Total assets grew to Rs 6,881.74 lakh, but cash flow from operations was deeply negative at Rs (1,403.88) lakh. A 2018 GST matter remains partially open, with a Rs 59.70 lakh appeal pending.
The appointments are routine and should not move the stock meaningfully. Margin expansion drove profit growth despite weaker top-line, but the large negative operating cash flow signals working-capital strain and is a watchpoint for investors. Old GST litigation remains a residual overhang.