Resignation letter of CFO is attached
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Delton Cables reported strong FY25 results with revenue from operations surging 77% to Rs. 70,926 lakhs (from Rs. 40,086 lakhs in FY24) and net profit rising 40% to Rs. 2,051 lakhs. The Board recommended a final dividend of Rs. 2 per share (20%) for FY25, subject to shareholder approval. CFO Mrs. Sangeeta Tondon resigned citing personal reasons, effective end of May 30, 2025, and Mr. Rameshwar Jaiswal (a Chartered Accountant with 20+ years of experience) was appointed as the new CFO from May 31, 2025. The Board also approved the re-appointment of Mr. Vijender Kumar Gupta (Chairman & Whole-Time Director), Mr. Vivek Gupta (Managing Director & CEO), and Mr. Atul Aggarwal (Independent Director) for fresh 5-year terms.
Strong FY25 performance with revenue and profit growth of 77% and 40% respectively, along with a 20% dividend, is positive for shareholders. The CFO transition appears smooth with a qualified replacement already lined up. Shareholders will need to approve proposals at the upcoming AGM, including a major increase in borrowing powers and disposal authority up to Rs. 500 crores each, which signals potential expansion or restructuring plans.