the Board Members of the Company, in their meeting held on 28th May, 2025, has considered and recommended; (i) appointment of M/s Ajay Baroota & Associates as secretarial auditor subject ....
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The Board of Directors of Fratelli Vineyards Limited met on May 28, 2025 and approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with an unmodified auditor opinion. The Board also appointed M/s. Ajay Baroota & Associates as Secretarial Auditor for a 5-year term (FY 2025-26 to 2029-30), subject to shareholder approval, and re-appointed M/s SCV & Co. LLP as Internal Auditor for FY 2025-26. On a consolidated basis, FY25 revenue fell sharply to Rs. 30,209.66 lakhs from Rs. 45,107.48 lakhs in FY24, and the company swung to a net loss of Rs. 1,706.26 lakhs versus a profit of Rs. 886.98 lakhs earlier, with EPS at Rs. (4.22). The consolidated results include Fratelli Wines Pvt Ltd as a 100% subsidiary following its April 2024 acquisition, which restated prior period numbers under common control accounting.
Shareholders should note the significant year-on-year revenue decline and swing to a consolidated net loss, which may weigh on the stock in the short term. The fresh appointment of a secretarial auditor for a 5-year term signals routine governance continuity, with no leadership or governance disruption indicated.