Appointment of Mr. Avi Mundecha as Company Secretary & Compliance Officer w.e.f May 09, 2025
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FGP Limited's board, meeting on May 09, 2025, approved audited financial results for Q4 and FY ended March 31, 2025, with an unmodified opinion from statutory auditors MVK Associates. The company swung to a loss of ₹3.28 lakhs in FY25 from a profit of ₹26.00 lakhs in FY24, while total income fell to ₹50.70 lakhs from ₹95.17 lakhs. The board appointed Mr. Avi Mundecha, a qualified Company Secretary with over 4 years of experience, as the new Company Secretary & Compliance Officer effective May 09, 2025. It also appointed M/s. Parikh Parekh & Associates as Secretarial Auditors for a five-year term from FY 2025-26 to FY 2029-30, subject to shareholder approval. Cash and cash equivalents dropped sharply from ₹118.55 lakhs to ₹2.48 lakhs, and other equity remains negative at ₹(855.24) lakhs.
Weak FY25 performance with a swing to loss, declining income, and depleted cash reserves may concern shareholders, though the company remains technically solvent. The KMP and secretarial auditor appointments fill compliance roles and are unlikely to materially move the stock on their own.