Appointment of Secretarial Auditor
Price
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Awaiting price reaction for this filing.
Board approved audited FY25 results showing a strong turnaround: revenue rose ~39% to ₹30,039 lakhs and the company swung to a profit after tax of ₹1,366 lakhs versus a loss of ₹3,983 lakhs in FY24. Q4 FY25 profit stood at ₹701 lakhs versus a ₹795 lakh loss in the year-ago quarter, with EPS improving to ₹2.85 from negative ₹8.30. Statutory auditor Singhi & Co. issued an unmodified opinion. The board also appointed M/s. DSM and Associates as Secretarial Auditor for 5 years, M/s. MK Bagrecha & Associates as Internal Auditor for FY26, and Mrs. Maggie Thomas Kajjer as an Additional Non-Executive Independent Director for a 5-year term. Despite deeply negative other equity of ₹(53,277) lakhs, the holding company (E-Land Asia Holdings, Singapore) has confirmed continued financial support, allowing results to be prepared on a going-concern basis.
The sharp return to profitability is a clear positive for shareholders, but the deeply eroded reserves and continued dependence on the Korean parent for survival cap the optimism. The auditor and director appointments are routine compliance matters with no material price impact.