Appointment of Statutory Auditor for the FY 2025-26
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The board approved the audited standalone financial results for Q4 and FY ended March 31, 2025, with the statutory auditor (B.L. Dasharda & Associates) issuing an unmodified opinion. Revenue from operations grew to Rs. 1,311.42 lakhs in FY25 from Rs. 1,010.99 lakhs in FY24, a rise of about 30%. However, profit after tax fell sharply to Rs. 118.87 lakhs from Rs. 800.35 lakhs, and EPS dropped to Rs. 1.92 from Rs. 12.91. Q4 FY25 alone posted a loss of Rs. 568.33 lakhs. The board also re-appointed R. Thakkar and Co. as Internal Auditor and Sindhu Nair & Associates as Secretarial Auditor for FY 2025-26. Total equity strengthened to Rs. 3,124.55 lakhs while net cash from operations turned positive at Rs. 39.97 lakhs.
Despite higher revenue, the steep drop in annual profits and the Q4 loss may concern shareholders. The clean audit opinion and re-appointment of auditors suggest governance continuity, but profitability trends warrant close watch.