COSMO FIRST LIMITED has informed the Exchange about change in Management
COSMOFIRST · price
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Cosmo First Limited announced its audited financial results for Q4 and FY ended March 31, 2025, with consolidated revenue from operations rising to Rs. 2,895.10 crore (vs Rs. 2,587.34 crore last year) and net profit more than doubling to Rs. 133.37 crore (vs Rs. 62.19 crore). Standalone revenue stood at Rs. 2,735.63 crore with net profit of Rs. 88.03 crore. The Board recommended a final dividend of Rs. 4 per share (40%) for FY25, subject to shareholder approval. The Board also approved the reappointment of Mr. Rakesh Nangia as Non-Executive Independent Director for a second 5-year term from November 10, 2025, and the reappointment of M/s. S.N. Dhawan & Co. LLP as Statutory Auditor for a second 5-year term up to 2030. Additionally, M/s. BLAK & Co. was appointed as the new Secretarial Auditor for FY2025-26 to FY2029-30. The auditor issued an unmodified opinion on the financial statements.
Strong earnings growth with profits more than doubling year-on-year and a steady dividend payout signal solid operational performance, likely to be viewed positively by shareholders. The reappointment of the existing independent director and statutory auditor indicates board and audit continuity, with no governance disruption.