Appointment of Secretarial Auditor for the period of 5 year with effect from April 1, 2025
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Awaiting price reaction for this filing.
Automobile Corporation of Goa Ltd (ACGL) announced its audited FY25 results alongside other board approvals on May 8, 2025. Total income from operations rose to Rs 660.77 crore from Rs 584.34 crore in FY24, a growth of about 13%. Net profit climbed to Rs 46.60 crore from Rs 38.37 crore, up roughly 21%, with basic EPS of Rs 76.54 versus Rs 63.02. The Board recommended a final dividend of Rs 20 per share (200% on face value of Rs 10) for FY25, subject to shareholder approval. The company also appointed CS Shivaram Bhat as Secretarial Auditor for a five-year term starting April 1, 2025, and scheduled the 45th AGM for July 2, 2025 via video conferencing. Statutory auditor BSR & Co. LLP issued an unmodified opinion, and Tata Motors continues to be the single largest customer, contributing Rs 587.51 crore in FY25 revenue.
For shareholders, the higher dividend and strong profit growth signal healthy cash generation and a shareholder-friendly payout policy, likely to support positive sentiment. The Secretarial Auditor appointment is routine compliance and unlikely to affect stock price materially.