This is to inform you that the Meeting of Board of Directors of the company was held today May 28, 2025 inter alia to transact the business mentioned herewith in the attached file.
ELCIDIN · price
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Elcid Investments Ltd's board, which met on May 28, 2025, approved the audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025. On a standalone basis, the company reported total income of Rs. 15,102.65 lakhs and profit before tax of Rs. 13,567.01 lakhs for FY25, while on a consolidated basis, total income stood at Rs. 27,334.10 lakhs with profit before tax of Rs. 23,158.77 lakhs. The statutory auditor (V.K. Beswal & Associates) issued an unmodified opinion on both sets of results. The board also recommended a final dividend of Rs. 25 per equity share on a face value of Rs. 10 (i.e., 250%) for FY25, subject to shareholder approval at the upcoming AGM. Additionally, M/s Ruchi Kotak & Associates was appointed as Secretarial Auditor for a five-year term from April 1, 2025 to March 31, 2030. The company is an NBFC engaged solely in investment activities.
The 250% final dividend recommendation is a strong positive for shareholders, subject to AGM approval. The robust profits were largely driven by net gains on fair value changes of investments (Rs. 7,209.66 lakhs standalone), highlighting the company's reliance on market-linked investment performance. The clean audit report and stable governance appointments are reassuring signals.