Bombay Burmah Trading Corporation Limited has informed the Exchange regarding Change in Auditors of the company.
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Awaiting price reaction for this filing.
The Bombay Burmah Trading Corporation (BBTC) board, on 15th May 2025, approved audited standalone and consolidated results for Q4 and FY25. Standalone net profit jumped to Rs. 11,924.62 lakhs versus a loss of Rs. 587.97 lakhs in FY24, with EPS of Rs. 17.09 (vs loss of Rs. 0.84). The big swing was driven mainly by Rs. 18,221.32 lakhs in dividend income from a subsidiary (Britannia group) and an exceptional gain of Rs. 6,231.34 lakhs from selling property in Kanyakumari and the Hekulo estate in Tanzania. Core operations remain weak — Q4 standalone posted a loss of Rs. 1,923 lakhs before exceptional items. No final dividend was declared as the company already paid Rs. 17/share as interim dividends. Walker Chandiok & Co LLP has been recommended for re-appointment as statutory auditors for a second 5-year term (through 2030 AGM), and Tushar Shridharani Associates LLP was appointed as secretarial auditor for 5 years. The 160th AGM is set for 14th August 2025.
Headline profit surge is largely non-operational, driven by subsidiary dividends and one-time asset sale gains, so underlying business remains under pressure. The auditor's modified (qualified) opinion on consolidated results — due to missing GoAir comparative figures — is a mild governance red flag worth monitoring. Continuity with the existing auditor and confirmation of dividend continuity (Rs. 17/share already paid) provide some comfort for shareholders.