Intimation of appointment of Statutory Auditor of the Company
BNALTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
B & A Limited's Board, at its May 24, 2025 meeting, approved the appointment of M/s Salarpuria & Partners as the new Statutory Auditor for a five-year term from FY2025-26 to FY2029-30, replacing the outgoing auditor M/s SBA Associates whose term has ended. The Board also appointed Mr. Gauri Prosad Sarma (former CGM/COO of Punjab National Bank with 37+ years of banking experience) as an Independent Director for 5 years, and Ms. Binita Pandey as Company Secretary & Compliance Officer (KMP). M/s T. Chatterjee & Associates was appointed as Secretarial Auditor for 5 years. The Board also approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025. On the financial side, standalone FY25 revenue fell sharply to Rs 13,431 lac from Rs 16,202 lac, with the company posting a Rs 197 lac net profit (vs Rs 305 lac prior year), while the tea segment swung to a marginal loss before tax.
The Statutory Auditor change is a routine rotation following completion of the previous auditor's term, so no governance concerns. However, shareholders should note the significant decline in standalone revenue and the tea business swinging to near-break-even, while the packaging subsidiary continues to be the primary profit driver. Multiple fresh appointments (auditor, independent director, company secretary) signal a corporate restructuring phase, which is largely neutral but worth tracking for governance quality.