Annual Report for the financial year 2024-25
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Awaiting price reaction for this filing.
ERP Soft Systems Limited has filed its 31st Annual Report for FY 2024-25 and the notice for its AGM scheduled for September 29, 2025 via video conferencing. Revenue stood at Rs. 164.15 lakhs in FY25 versus Rs. 212.62 lakhs in FY24, a drop of roughly 23%, while profit after tax rose modestly to Rs. 9.75 lakhs from Rs. 9.40 lakhs (about 3.7%). The board is moving to appoint M/s. Sudhakar & Kumar Associates as the new statutory auditor, filling the casual vacancy caused by the resignation of M/s. Vijayaraghavan & Associates, who stepped down citing official commitments; audit remuneration is being raised from Rs. 30,000 to Rs. 1,50,000 per annum. Other items at the AGM include the re-appointment of Ms. K. Parvathi Reddy as Managing Director for another three years (post her turning 70) and the retirement-by-rotation re-appointment of her mother Mrs. D. Sarojanamma. The company operates in the software and consulting space, was incorporated in 1994, and trades on BSE under scrip code 530909.
The roughly 23% revenue decline is a clear red flag for shareholders, even though the small PAT uptick hints at some margin recovery. The post-year-end auditor change, although explained as routine, is an unusual governance event worth monitoring closely.