The details about the change in management are mentioned in the letter attached.
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Delton Cables reported strong FY25 results with revenue from operations nearly doubling to Rs. 70,926 lakhs (vs Rs. 40,086 lakhs in FY24), net profit up 40% at Rs. 2,051 lakhs, and EPS rising to Rs. 23.74 from Rs. 16.96. The Board recommended a final dividend of Rs. 2 (20%) per equity share, aggregating to about Rs. 172.80 lakhs, subject to shareholder approval. On the management side, Mrs. Sangeeta Tondon resigned as CFO citing personal reasons effective May 30, 2025, and Mr. Rameshwar Jaiswal, a Chartered Accountant with 20+ years of experience in finance and M&A, was appointed as the new CFO from May 31, 2025. The Board also approved 5-year re-appointments of Mr. Vijender Kumar Gupta (Chairman & Whole-Time Director, Promoter), Mr. Vivek Gupta (MD & CEO, son of the Chairman), and Mr. Atul Aggarwal (Independent Director, second term). Additionally, the Board sought shareholder approval to raise borrowing limits and disposal-of-undertaking authority up to Rs. 500 crores each, signaling expansion plans.
Sharp revenue and profit growth plus a 20% dividend is a positive signal for shareholders. The CFO transition is seamless with an immediate replacement, and re-appointing the promoter-led top leadership ensures continuity, while the higher borrowing and disposal limits point to possible capacity expansion or restructuring ahead.