Denta Water and Infra Solutions Limited has informed the Exchange regarding Appointment of Mrs Hema H M as Executive Director of the company w.e.f. May 28, 2025.
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Denta Water and Infra Solutions' board on May 28, 2025 appointed promoter Mr. C Mruthyunjaya Swamy as Additional Executive Director and Chairperson, and his wife Mrs. Hema H M (also a promoter) as Additional Executive Director, both subject to shareholder approval. Mr. Gowdar Thimmappa Suresh was appointed as Independent Director for five years, while Ms. Nista U Shetty resigned as Non-Executive Director on personal grounds. The board also approved FY25 audited results showing consolidated revenue from operations of Rs. 2,032.85 million (down from Rs. 2,385.98 million last year) and profit after tax of Rs. 528.85 million (down from Rs. 604.68 million), with basic EPS of Rs. 25.83. Secretarial, internal and cost auditors were also appointed or reappointed. The company highlighted 17 ongoing projects worth Rs. 6,143.79 million and upcoming projects worth Rs. 1,345.5 million, alongside recent listing (Jan 2025) with IPO proceeds of Rs. 2,205 million, of which Rs. 880.3 million had been utilized by March 31, 2025.
Concentrating more executive power with the promoter family may raise governance questions for minority shareholders despite an independent director being added. The double-digit decline in FY25 profits despite a strong project pipeline suggests execution challenges, though the order book provides revenue visibility. Short-term stock reaction is likely muted unless shareholders push back on the family-led board expansion at the upcoming AGM.