Appointment of M/s. Mihen Halani & Associates, as the Secretarial Auditor of the Company for a period of 5 Consecutive Years i.e from FY 2025-26 to FY 2029-30
BANSWRAS · price
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Banswara Syntex's board, meeting on 15th May 2025, approved audited standalone and consolidated financial results for Q4 and FY ended 31st March 2025, along with an unmodified (clean) audit report from statutory auditor K.G. Somani & Co. LLP. The board recommended a final dividend of ₹1 per equity share (face value ₹5) for FY25, which would result in a cash outflow of about ₹342.32 lakhs, subject to shareholder approval. It also appointed M/s. Mihen Halani & Associates as Secretarial Auditor for a 5-year term (FY 2025-26 to FY 2029-30) and M/s. Ankit Maheshwari & Associates as Chief Internal Auditor for FY 2025-26. The company's paid-up equity capital stands at ₹1,711.60 lakhs, and standalone revenue for the year was about ₹1,28,213 lakhs.
Routine and largely positive for shareholders: a clean audit opinion removes governance concerns, and the ₹1 dividend is a modest but steady return. The auditor appointments are standard compliance actions and unlikely to move the stock. No negative signals such as resignations or qualified opinions were disclosed.