Dynamic Cables Limited has informed the Exchange regarding Change in Auditors of the company.
DYCL · 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 approved audited financial results for Q4 and FY ended March 31, 2025, with the statutory auditor (A. Bafna & Co.) issuing an unmodified opinion. Revenue from operations for FY25 stood at Rs. 1,02,537 lakhs, with profit after tax of Rs. 6,238 lakhs and basic EPS of Rs. 27.31. A final dividend of Rs. 0.50 per share (5%) has been recommended, with a record date of June 23, 2025 and AGM on June 30, 2025. The 'change in auditors' relates to a new secretarial auditor (M/s V.M. & Associates) for a 5-year term, while the internal auditor (DLS & Associates) and cost auditor (Maharwal & Associates) were re-appointed. Mr. Ashish Mangal was re-appointed as Managing Director for another 3 years from July 21, 2025. The company also noted that Rs. 9,658.79 lakhs raised via a June 2024 preferential issue has been partly utilized, with Rs. 3,598 lakhs still parked in mutual funds.
Strong FY25 performance with healthy revenue and profit growth supports the dividend declaration. MD continuity provides leadership stability, and the appointment of a new secretarial auditor alongside re-appointments signals routine governance housekeeping with no disruption risk to shareholders.