Eureka Forbes Limited has informed the Exchange about change in Management
EUREKAFORB · price
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On the reaction day the stock moved 8.3 pts more than Nifty Microcap 250 and 8.8 pts more than its Household Appliances peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Eureka Forbes' Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with statutory auditor Deloitte Haskins & Sells issuing an unmodified opinion. Standalone FY25 revenue grew ~11.3% YoY to ₹2,43,606 lakhs, while profit after tax nearly doubled to ₹16,329 lakhs (vs ₹9,157 lakhs in FY24), pushing EPS to ₹8.40 from ₹4.73. Q4 standalone PAT surged to ₹5,075 lakhs from ₹2,137 lakhs a year ago, helped by a one-time insurance settlement from a prior-year Delhi warehouse fire. On the management front, Rakesh Moza was appointed Chief Sales Officer (Senior Managerial Personnel) effective May 19, 2025, and Nithyanand Shankar was redesignated as Chief Business Officer with added responsibility for the After-Market Business. The Board also appointed new Secretarial Auditors (Mihen Halani & Associates, 5-year term), Cost Auditor (J. Chandra & Associates), and Internal Auditor (PwC Services LLP) for FY 2025-26.
Strong earnings growth, nearly doubling of full-year profits, and a clean audit opinion are positive signals for shareholders. The new sales leadership and consolidated business role signal management's focus on driving growth, while the fresh auditor appointments are standard governance housekeeping and not linked to any concerns.