Diffusion Engineers Limited has informed the Exchange regarding Change in Auditors of the company.
DIFFNKG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board of Diffusion Engineers Limited met on May 15, 2025 and approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2025. Statutory auditor PGS & Associates gave an unmodified opinion on the results. For FY25, consolidated revenue stood at Rs. 3,445.23 million with net profit of Rs. 360.41 million, while standalone revenue was Rs. 3,250.86 million with net profit of Rs. 337.53 million. The board recommended a final dividend of Rs. 1.50 per share (15% on face value of Rs. 10), subject to shareholder approval. The 43rd AGM is set for July 22, 2025 with a record date of July 10, 2025. The board also appointed new internal auditor (Chitaley Mehta & Associates) and cost auditor (A. B. Verma & Co.) for FY26, approved sale of a 2.06% stake in associate LSN Diffusion Limited, and introduced a new ESOP 2025 scheme to be implemented through a trust, requiring shareholder approval via postal ballot.
Strong FY25 results with healthy profit growth support the dividend announcement, which is positive for shareholders. The new ESOP scheme could dilute equity slightly but aligns employee interests with shareholders. The sale of a small associate stake and new auditor appointments are routine governance matters unlikely to materially impact the stock.