Based on the recommendation of the Audit Committee, considered and approved the appointment of M/s APAC & Associates LLP, Company Secretaries, for a term five (5) consecutive years commencing ....
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The board approved audited financial results for Q4 and full year ended March 31, 2025, with an unmodified (clean) audit opinion from statutory auditors O P Bagla & Co LLP. For FY25, total income stood at Rs. 964.26 lakhs versus Rs. 831.74 lakhs in FY24 (~16% growth), and the company swung to a profit of Rs. 3.48 lakhs from a loss of Rs. 133.29 lakhs in the previous year. EPS for FY25 was Rs. 0.30 (vs Rs. -3.01 in FY24). The board also appointed M/s APAC & Associates LLP as Secretarial Auditor for FY 2024-25 and re-appointed them for a 5-year term (FY 2025-26 to FY 2029-30), pending shareholder approval at the upcoming AGM. The company manufactures ERW steel tubes and pipes.
The return to profitability after a prior-year loss is a modest positive signal, though absolute earnings remain very small. The long-term secretarial auditor appointment is routine governance compliance and unlikely to move the stock.