Entertainment Network (India) Limited has informed the Exchange regarding Change in Auditors of the company.
ENIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.0 pts more than Nifty Microcap 250 and 5.2 pts more than its Media & Entertainment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board of Entertainment Network (India) Limited (ENIL), the operator of Radio Mirchi, approved audited financial results for Q4 and FY25 (year ended March 31, 2025) with a clean (unmodified) opinion from statutory auditors Walker Chandiok & Co LLP. Standalone FY25 net profit fell sharply to Rs. 1,180.95 lakhs from Rs. 2,813.72 lakhs in FY24, a drop of about 58%, even as total income rose modestly to Rs. 56,347.48 lakhs from Rs. 54,680.91 lakhs. The Board recommended a higher dividend of Rs. 2.00 per share (vs Rs. 1.50 last year), totaling Rs. 953.41 lakhs, subject to shareholder approval. The 'change in auditors' referenced in the headline is the appointment of M/s. Hemanshu Kapadia & Associates as the new Secretarial Auditor for a 5-year term (FY2025-26 to FY2029-30); the statutory auditor remains unchanged. The Board's Report for FY25 was also approved.
The sharp drop in FY25 net profit despite revenue growth is a negative signal on profitability and could weigh on the stock in the short term, though the higher dividend and a strong Q4 net profit of Rs. 1,254.26 lakhs (up ~39% YoY) provide some support. The change referenced is a routine secretarial auditor appointment, not a statutory auditor resignation, so no governance red flag.