Announcement under Regulation 30(LODR)- Change in Management
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Awaiting price reaction for this filing.
Cosmo Ferrites reported audited results for Q4 and FY25. Revenue from operations fell to Rs 1,948 lakhs in Q4 FY25 (vs Rs 2,569 lakhs in Q4 FY24) and full-year revenue dropped to Rs 8,566 lakhs from Rs 9,776 lakhs. The company posted a net loss of Rs 566 lakhs for FY25, much wider than the Rs 198 lakhs loss in FY24, with EPS of Rs (4.70). Total shareholder equity declined to Rs 2,466 lakhs, while short-term borrowings rose to Rs 5,405 lakhs. The board also appointed DMK Associates, Company Secretaries, as Secretarial Auditor for five years (FY26–FY30), subject to shareholder approval. The statutory auditor (Suresh Kumar Mittal & Co.) issued an unmodified opinion, and promoters conditionally waived Rs 144 lakhs of interest on their unsecured loan.
Sharply higher losses and rising short-term debt signal continued stress on the business, which may weigh on the stock. The auditor change is routine governance and the unmodified audit opinion provides some comfort on financial reporting.