Appointment of Secretarial Auditor
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Awaiting price reaction for this filing.
FGP Limited's board, at its meeting on May 09, 2025, approved the audited financial results for Q4 and full year ended March 31, 2025, with statutory auditors MVK Associates issuing an unmodified opinion. The board appointed M/s. Parikh Parekh & Associates (a peer-reviewed firm of Company Secretaries established in 2004) as Secretarial Auditors for a 5-year term from FY 2025-26 to FY 2029-30, subject to shareholder approval at the 63rd AGM. Mr. Avi Mundecha, a qualified Company Secretary, was appointed as Company Secretary and Compliance Officer (Key Managerial Personnel) effective May 09, 2025. For FY25, total income fell to ₹50.70 lakhs (vs ₹95.17 lakhs in FY24), and the company swung to a net loss of ₹3.28 lakhs from a profit of ₹26.00 lakhs in FY24, with EPS at -₹0.03. Other equity remains deeply negative at -₹855.24 lakhs.
These are routine governance actions with no immediate share-price catalyst. The 5-year Secretarial Auditor appointment signals stable compliance oversight, but the FY25 loss reversal and persistently negative reserves may weigh on investor sentiment.