Appointment of Internal Auditor and Secretarial Auditor
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The board approved audited financial results for Q4 and FY ended March 31, 2025, with the statutory auditor issuing an unmodified opinion. FY25 revenue from operations rose to Rs. 4,194.26 lakhs from Rs. 4,055 lakhs a year ago, while profit after tax more than doubled to Rs. 215.90 lakhs (vs Rs. 85.66 lakhs), translating to an EPS of Rs. 10.56 (vs Rs. 4.19). No dividend was declared for FY 2024-25. The board appointed M/s. Swapna Bhardwaj & Co. as Internal Auditor for FY 2025-26 and M/s. Kirti Sharma & Associates as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30), subject to shareholder approval. Additionally, the company agreed to redeem 1,00,000 6% non-cumulative preference shares at Rs. 500 each, totaling Rs. 5 crore, to be paid out of available profits/reserves.
Strong profit growth (PAT up ~152% YoY) is positive for shareholders, though the absence of a dividend and a Rs. 5 crore preference share redemption may slightly reduce distributable reserves. The appointment of fresh auditors is routine governance housekeeping and unlikely to materially affect the stock.