This is to inform you that pursuant to Regulation 30 of SEBI (LODR) Regulation, 2015 the meeting of the Board of Directors of Chemtech Industrial Valves Limited (''Company'') was held today ....
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The Board of Directors of Chemtech Industrial Valves met on 23rd May 2025 and approved the audited financial results for Q4 and full year ended 31st March 2025, along with the Annual Secretarial Compliance Report. Revenue from operations for FY25 stood at Rs. 4,267.19 lakhs, up about 34% from Rs. 3,176.54 lakhs in FY24. Profit before tax jumped to Rs. 924.33 lakhs in FY25 from Rs. 416.94 lakhs in FY24, roughly 122% growth. The auditor (Raju and Prasad) issued an unqualified opinion but included an Emphasis of Matter regarding two issues: (1) CKP Bank, whose license was withdrawn by RBI, with only Rs. 5 lakh recovered against the company's deposit, and (2) a DGGI GST demand of about Rs. 7.9 crore in penalties against which the company has filed an appeal and deposited Rs. 3.02 crore under protest. Cash flow from operations turned negative at Rs. (122) lakhs in FY25 versus Rs. 362 lakhs in FY24.
Strong top-line and bottom-line growth is positive for shareholders, but the negative operating cashflow and a sizeable ~Rs. 7.9 crore contingent GST liability from DGGI are key overhangs to monitor. The outcome of the company's appeal against the DGGI penalty will be a critical event for the stock.