Denta Water and Infra Solutions Limited has informed the Exchange regarding Appointment of Mr Gowdar Thimmappa Suresh as Independent Director of the company w.e.f. May 28, 2025.
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Denta Water and Infra Solutions informed the exchanges about several decisions from its May 28, 2025 board meeting. The board appointed Mr. Gowdar Thimmappa Suresh as Independent Director for five years, and brought in two promoter family members — Mr. C Mruthyunjaya Swamy as Additional Executive Director and Chairperson, and his spouse Mrs. Hema H M as Additional Executive Director. Non-Executive Director Ms. Nista U Shetty resigned on personal grounds. The company also re-appointed its Internal and Cost Auditors for FY26 and appointed M/s. R N Bhat & Associates as Secretarial Auditor for five years. Audited consolidated FY25 results showed revenue from operations of Rs. 2,032.85 million (down from Rs. 2,385.98 million in FY24) and profit after tax of Rs. 528.85 million (vs Rs. 604.68 million), with basic EPS of Rs. 25.83. The company shared an operations update highlighting 17 ongoing projects worth Rs. 6,143.79 million and upcoming projects worth Rs. 1,345.5 million. This was filed along with a clarification letter correcting a clerical error in an earlier disclosure.
Promoter family members joining as executive directors increases family control over the board, which shareholders should weigh against governance checks like the new independent director appointment. FY25 financials showed a decline in both revenue (~15%) and profits (~12.5%) versus the previous year, though the strong project pipeline and recently raised IPO funds of Rs. 2,205 million provide growth visibility.