Dear Sir/ Madam, Please note that inter alia, the following matters were considered/ reviewed/ noted/ approved in the meeting of the Board of Directors held today: 1. The Audited Financial ....
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EPIC Energy's Board met on May 27, 2025 and approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025. Standalone FY25 revenue grew to Rs. 426.06 lakhs (vs Rs. 307.85 lakhs in FY24), with net profit jumping to Rs. 131.73 lakhs (vs Rs. 36.10 lakhs), and EPS of Rs. 1.83 (vs Rs. 0.50). Q4 standalone revenue rose sharply to Rs. 238.21 lakhs with net profit of Rs. 65.54 lakhs. Consolidated FY25 net profit stood at Rs. 129.28 lakhs. The Board also recommended appointing Vijay S. Tiwari & Associates as Secretarial Auditors for 5 years and Mukesh M. Chokshi & Co as Internal Auditors for FY26. Statutory auditor NGST & Associates issued an unmodified (clean) opinion, though flagged an ongoing arbitration with Godhra Nagarpalika involving Rs. 703.72 lakhs in claims and Rs. 297.82 lakhs in unbilled revenue, with an Rs. 77.43 lakhs expected credit loss provision.
Strong earnings growth (PAT up ~3.6x YoY) is positive for shareholders, though the ongoing arbitration with Godhra Nagarpalika remains a key risk to watch. Auditor changes are routine governance actions and the clean audit opinion supports credibility.