Birla Cable Limited has informed the Exchange about change in Management for appointment of Messrs R.K. Mishra & Associates, Company Secretaries (Unique Identification No. P1991MP039900 and Peer Review No. 4333/2023), as the Secretarial Auditors of the Company for a term of five (5) consecutive years commencing from Financial Year 2025-2026 to Financial Year 2029-2030,
BIRLACABLE · price
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Birla Cable Limited's Board, at its meeting on 21st May 2025, approved the audited standalone and consolidated financial results for Q4 and FY ended 31st March 2025. Standalone revenue from operations fell to ₹66,165 lakhs (from ₹68,550 lakhs in FY24), while net profit dropped sharply to ₹503 lakhs from ₹2,249 lakhs — a roughly 78% YoY decline. EPS fell to ₹1.68 from ₹7.50. The Board appointed R.K. Mishra & Associates as Secretarial Auditors for five years (FY26–FY30), subject to shareholder approval, and P K M B & Co. as Internal Auditors for FY26. The Board has not recommended any dividend for FY25, citing the need to conserve cash for future business needs. The Statutory Auditors (V. Sankar Aiyar & Co.) issued an unqualified opinion on the results.
The steep fall in net profit and the decision to skip the dividend are negative signals for shareholders, though the company is preserving cash amid weaker earnings. The auditor appointments are routine governance actions and unlikely to move the stock.