CARYSIL LIMITED has informed the Exchange regarding Change in Auditors of the company.
CARYSIL · price
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Carysil Limited's board approved audited standalone and consolidated results for FY25 (year ended March 31, 2025), with statutory auditor M/s Park & Company issuing an unmodified (clean) opinion. Consolidated revenue from operations rose to Rs. 815.57 crore from Rs. 683.76 crore (~19% growth), while consolidated profit after tax grew to Rs. 64.32 crore from Rs. 58.36 crore (~10% growth). Standalone revenue was Rs. 420.31 crore and PAT Rs. 36.89 crore. The board recommended a final dividend of Rs. 2.4 per share (120% on face value of Rs. 2), subject to shareholder approval. The company also appointed a new Secretarial Auditor (CS Riddhi Shah, replacing M/s P.C. Shah & Co. whose peer review certificate lapsed), a new Internal Auditor (M/s PBMN & Co.), and a new Cost Auditor (M/s S S Puranik & Associates) for FY25-26.
Shareholders get a healthy 120% dividend yield on face value, supported by double-digit revenue growth. However, operating cash flow turned sharply negative on a standalone basis (Rs. -55.84 crore vs Rs. 32.86 crore last year) due to large increases in receivables and inventories, which is a watch-point despite reported profit growth. The statutory auditor remains unchanged and gave a clean opinion, while the auditor changes relate only to secretarial, internal, and cost audit roles.