Eureka Forbes Limited has informed the Exchange regarding Change in Auditors of the company.
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 reported strong FY25 results with standalone revenue rising about 11% to ₹2,43,606 lakhs and profit after tax nearly 78% higher at ₹16,329 lakhs versus FY24. Q4 FY25 was even stronger, with revenue of ₹61,254 lakhs and PAT of ₹5,075 lakhs, more than doubling year-on-year. Statutory auditor Deloitte Haskins & Sells LLP issued an unmodified (clean) opinion on both standalone and consolidated results. The board appointed Rakesh Moza as Chief Sales Officer (effective May 19, 2025) and expanded Nithyanand Shankar's role to Chief Business Officer with added responsibility for the after-market business. New secretarial auditors (Mihen Halani & Associates for 5 years), cost auditors (J. Chandra & Associates), and internal auditors (PwC Services LLP) were also appointed for FY26.
Strong earnings growth, a clean audit opinion, and strengthening of the sales and digital leadership team are positives for shareholders. The new auditor appointments are routine and unlikely to have material impact; the statutory auditor remains unchanged.