Resignation of Mr. Heeralal Agarwal as CFO of the Company w.e.f. end of business hour of May 06, 2025 and shall continue as whole-time director of the company.
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Ekansh Concepts Ltd's board, at its May 6, 2025 meeting, approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with auditors issuing an unqualified opinion. The company reported a strong turnaround in FY25, posting a net profit of ₹188.61 lakhs (standalone) compared to a loss of ₹326.61 lakhs in FY24, though total income dipped to ₹4,626.60 lakhs from ₹5,109.55 lakhs. Q4 saw a net profit of ₹166.55 lakhs versus a loss of ₹204.21 lakhs in the preceding quarter. Mr. Heeralal Agarwal resigned as CFO due to personal reasons (effective end of May 6, 2025) but will continue as Whole-Time Director. Mr. Mahesh Birla, a Chartered Accountant with 15+ years of experience, was appointed as the new CFO from May 7, 2025. The board also appointed M/s. Nidhi Bajaj & Associates as Secretarial Auditors for a 5-year term starting FY26.
The FY25 turnaround from loss to profit is a positive signal for shareholders, though the decline in total income warrants attention. The CFO change is a routine KMP transition with continuity ensured as the outgoing CFO remains on the board as Whole-Time Director, and a qualified replacement has been appointed.