Banco Products (I) Limited has informed the Exchange regarding Appointment of Mr Venkata Ranganath Kumar Sami (DIN: 11090878), as an Additional Director and Whole-Time Director (Key Managerial Personnel) of the Company w.e.f. 17th May, 2025 for a term of 3 (Three) years, subject to approval of the members
BANCOINDIA · price
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The Board of Banco Products (India) approved audited Standalone and Consolidated financial results for FY25 with an unmodified audit opinion. Consolidated revenue from operations grew to Rs 3,25,554 Lakhs (FY24: Rs 2,80,616 Lakhs), while net profit rose to Rs 39,180 Lakhs (FY24: Rs 27,140 Lakhs), giving EPS of Rs 27.39 vs Rs 18.97. No final dividend was recommended for FY25. The company also issued bonus shares (7,15,18,650 shares) during the year. Mr. Venkata Ranganath Kumar Sarni, currently the Chief Technical Officer, was appointed as Additional Director and Whole-Time Director (KMP) for 3 years, subject to shareholder approval. Mr. Sachin Jayantilal Kotak was appointed as the new Chief Financial Officer. A Postal Ballot notice was also approved for the WTD appointment.
Strong FY25 earnings growth (revenue up ~16% and net profit up ~44% on a consolidated basis) is positive for shareholders, though the absence of a final dividend may temper near-term return expectations. Leadership changes appear to be a smooth internal succession as both appointees are existing members of the management team, which should support continuity.