Dear Sir, We are enclosing herewith an intimation about the recommendation of the appointment of the statutory auditor of the company subject to members'' approval. The same has already ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Aveer Foods' board approved unaudited results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations rose about 26% year-on-year to Rs. 3,401 lakhs, but profit after tax slipped to Rs. 52.91 lakhs from Rs. 60.85 lakhs, with EPS at Rs. 1.31 vs Rs. 1.51 last year. The board recommended appointing M/s SBH & Co Chartered Accountants as statutory auditor for five years, replacing M/s Bharat H Shah & Associates whose term ends at the upcoming AGM. The 6th AGM is scheduled for September 29, 2025 via video conferencing, with September 22, 2025 set as the record date for the final dividend for FY25. The company also confirmed utilisation of Rs. 6.5 crore raised via warrants (25% upfront of a Rs. 26 crore preferential issue), with Rs. 6.25 crore paid toward acquisition of M/s Kamal Industries and the rest used for working capital, with no deviation reported.
Mixed signals for shareholders — strong revenue growth but a dip in profitability in Q1. The auditor change is a routine succession after term expiry and not a red flag. Confirmation of the dividend record date and AGM timing gives clarity to investors on near-term corporate action dates.