Reappointment of Secretarial Auditor and Internal Auditor of the company for the financial year 2025-2026.
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Ceeta Industries reported a sharp turnaround in FY25 with net profit of ₹274.54 lakhs versus a loss of ₹159.86 lakhs in FY24, driven by total income rising to ₹2,335.84 lakhs from ₹1,314.28 lakhs. A large part of the profit came from an exceptional item of ₹283.10 lakhs linked to a borrower repaying a loan (₹591.06 lakhs) along with compensation of ₹308.94 lakhs for delayed repayment. The board reappointed Drolia & Co as Secretarial Auditor and D K S K & Associates as Internal Auditor for FY26, and also recommended reappointment of promoter-MD Krishna Murari Poddar (aged ~79) for another 3 years from September 2026. Two Independent Directors, Avinash Khaitan and Arvind Kejariwal, were also recommended for second 5-year terms. The statutory auditor issued an unmodified opinion on the FY25 results.
The headline swing to profit looks strong, but most of it is a one-time exceptional recovery from a borrower's default rather than core operations, so underlying business performance remains the key thing to watch. The reappointments signal continuity in leadership and governance, with shareholder approval still pending at the upcoming AGM.