Re-appointment of Internal Auditors for the FY 2025-26
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Bloom Industries Ltd's Board, at its May 22, 2025 meeting, approved audited financial results for Q4 and FY ended March 31, 2025. Revenue from operations fell to Rs. 2,356.26 lakhs in FY25 from Rs. 3,007.73 lakhs in FY24, while net profit declined to Rs. 49.41 lakhs from Rs. 56.53 lakhs; EPS dropped to Rs. 0.74 from Rs. 0.85. Statutory auditor M/s Tibrewal Chand & Co. issued an unmodified opinion on the results. The Board also re-appointed M/s Pawan Shyam Associates as Internal Auditor for FY 2025-26. On the balance sheet, long-term borrowings dropped sharply from Rs. 614.67 lakhs to Rs. 17.62 lakhs, while short-term borrowings rose to Rs. 495.39 lakhs, and total assets grew to Rs. 1,864.76 lakhs.
A year-on-year decline in revenue and profit, combined with a shift from long-term to short-term borrowings, signals weakening top-line momentum and a changed debt profile, though the clean audit opinion and retained internal auditor provide some governance continuity for shareholders.