Appointment of Company Secretary and Compliance Officer with effect from May 16, 2025
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Awaiting price reaction for this filing.
Duncan Engineering's board, at its May 16, 2025 meeting, approved audited FY25 results showing total income of Rs. 873.06 crore (up ~29.7% YoY from Rs. 673.12 crore) and revenue from operations of Rs. 84.71 crore. However, profit after tax fell to Rs. 521.07 lakhs (from Rs. 687.38 lakhs) and EPS dropped to Rs. 14.10 (from Rs. 18.60), with Q4 PAT also declining ~37% YoY to Rs. 125.16 lakhs. The statutory auditors (S S Kothari Mehta & Co. LLP) issued a clean (unmodified) opinion. The board recommended a Rs. 3 per share final dividend (30%), subject to shareholder approval at the July 24, 2025 AGM. Ms. Shanu Gupta was appointed as Company Secretary and Compliance Officer (KMP), S S Kothari Mehta was re-appointed as Statutory Auditor for a second 5-year term, Pipalia Singhal & Associates continued as Internal Auditor for FY26, and Vaishnav Associates was appointed as Secretarial Auditor for five years.
Mixed for shareholders: strong top-line growth of ~30% is a positive, but the ~24% drop in annual profit and weaker Q4 margins are likely to draw scrutiny. The 30% final dividend signals healthy cash flows despite the profit dip, and the clean audit plus stable auditor/secretarial appointments are routine governance positives with no immediate share-price catalyst.