Appointment of M/s. Ankit Maheshwari & Associates, FRN:015518C, Chartered Accountants as Chief Internal Auditor of the Company
BANSWRAS · price
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Banswara Syntex's board, at its meeting on 15th May 2025, approved audited standalone and consolidated financial results for Q4 and FY ended 31st March 2025, with an unmodified opinion from statutory auditors K G Somani & Co. LLP. The company reported standalone revenue of around ₹1,28,213 lakhs and a profit after tax of approximately ₹2,706 lakhs for the full year. Consolidated PAT came in at about ₹2,779 lakhs. The board recommended a final dividend of ₹1 per equity share (face value ₹5), which would result in a cash outflow of ₹342.32 lakhs pending shareholder approval. Additionally, M/s. Mihen Halani & Associates was appointed as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30), and M/s. Ankit Maheshwari & Associates was appointed as Chief Internal Auditor for FY 2025-26.
The clean, unmodified audit opinion and routine dividend declaration signal steady governance with no major red flags. The new auditor appointments are standard corporate housekeeping and unlikely to materially affect the stock, though shareholders will benefit from the modest ₹1 per share dividend.