Appointment of Cost Auditor for FY 2025-26.
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Awaiting price reaction for this filing.
The Board approved audited financial results (standalone and consolidated) for the half year and FY ended 31 March 2025, along with an unmodified opinion from statutory auditor M/s ABMS & Associates. Standalone revenue from operations fell to Rs 50,155.46 lakhs from Rs 57,880.62 lakhs in FY24 (about 13% decline), while standalone PAT dropped to Rs 1,507.10 lakhs from Rs 2,186.79 lakhs. Consolidated revenue also declined to Rs 50,980.17 lakhs, though consolidated PAT rose to Rs 2,517.74 lakhs from Rs 2,187.75 lakhs. The company completed its IPO of 63.12 lakh equity shares at Rs 35 in January 2025 (listed on BSE SME) and issued bonus shares in a 1:1 ratio during the year. Cash flow from operations turned sharply negative at Rs (3,678.47) lakhs standalone and Rs (3,642.60) lakhs consolidated, mainly due to higher working capital deployment (inventories and receivables). The Board also appointed M/s Aman Jindal & Co. as Internal Auditor and M/s Dhananjay V. Joshi & Associates as Cost Auditor for FY 2025-26, and revised its UPSI fair disclosure code.
The Cost Auditor appointment itself is routine and unlikely to move the stock. However, the underlying FY25 results are mixed — revenue declined, standalone profits fell, and operating cash flow turned negative despite an unmodified audit opinion, which may concern shareholders looking at working-capital stress even as the company has just completed its IPO.