Emami Realty Limited has informed the Exchange regarding Change in Auditors of the company.
EMAMIREAL · price
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Emami Realty's board, at its meeting on 22nd May 2025, approved the audited standalone and consolidated financial results for Q4 and FY ended 31st March 2025, with statutory auditor M/s Agrawal Tandon & Co. issuing an unmodified opinion. The board also appointed M/s. MKB & Associates, a Kolkata-based firm of Practising Company Secretaries, as the new Secretarial Auditor for a five-year term starting FY 2025-26, subject to shareholder approval at the upcoming AGM. On the financials, the company reported a standalone net loss of Rs. 12,516 lakhs for FY25 (narrowing from Rs. 14,041 lakhs loss in FY24), with total revenue from operations at Rs. 7,670 lakhs. The company continues to carry deeply negative other equity of Rs. (17,999) lakhs on a standalone basis, indicating accumulated losses well beyond its paid-up capital. The accounts of a few associates and an LLP were excluded from consolidation as they were not yet finalized, with management stating the impact is non-material.
This is largely a routine governance update — the statutory auditor remains unchanged, and the new secretarial auditor appointment is standard. However, the continued net losses and negative reserves signal ongoing financial weakness, which shareholders should monitor closely.