Intimation regarding Appointment of internal auditor and Secretarial auditor
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Bazel International Ltd's board met on 28th May 2025 and approved audited financial results for Q4 and FY ending 31st March 2025 on both standalone and consolidated basis, with the statutory auditor issuing an unmodified (clean) opinion. On a standalone basis, total income for FY25 fell sharply to Rs. 407.24 lakhs from Rs. 1,781.60 lakhs in FY24, but net profit rose significantly to Rs. 144.55 lakhs from Rs. 35.55 lakhs, pushing EPS up to Rs. 7.59 from Rs. 1.87. The board appointed Mr. Vivek Singh as the new Internal Auditor for FY 2025-26 and re-appointed M/s Meenu G & Associates as Secretarial Auditor for a five-year term. No deviation was reported in the use of funds raised via preferential issue.
Shareholders get a clean audit opinion, but the steep drop in total income despite a jump in profit (driven by lower expenses and bad debt write-backs) signals volatile earnings quality. The fresh auditor appointments are routine governance updates and are unlikely to move the stock on their own.