Appointment of Mr. Santosh Kumar Tibrewalla as a Secretarial Auditor of the Company for a period of 5(Five) years from FY-2025-26 to 2029-30 subject to the approval of the Members at the ensuing AGM
BEEKAY · price
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Beekay Steel Industries' Board, at its meeting on 29 May 2025, approved the audited standalone and consolidated financial results for the quarter and financial year ended 31 March 2025, along with the statutory auditors' reports (with unmodified opinion). The Board also approved the audited annual accounts for FY 2024-25 and recommended a dividend of 10% (Re. 1 per share) on equity shares of Rs. 10 each, subject to shareholder approval at the upcoming AGM. Additionally, Mr. Santosh Kumar Tibrewalla, a Practicing Company Secretary (Peer Reviewed) and Fellow Member of ICSI with practice experience since 2001, was appointed as Secretarial Auditor for a five-year term covering FY 2025-26 to FY 2029-30, also subject to AGM approval.
These are largely routine corporate governance and compliance-related decisions. The Rs. 1 per share dividend signals a small cash return to shareholders (yielding very modestly given the equity face value), while the auditor appointments and clean audit opinion reflect standard regulatory housekeeping with no material red flags for investors.