Gala Precision Engineering Limited has informed the Exchange regarding 'Revise Annual Report 2025'. Upon a subsequent review of the submitted Annual Report for the financial year 2024‐25, we observed certain inadvertent omissions in the following sections of Directors Report:
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Gala Precision Engineering has filed a revised Annual Report for FY 2024-25 with the exchanges to fix two printing oversights in the Directors' Report: omission of Point No. 27 (Risk Management Policy) and omission of certain paragraphs under Point No. 29.ii (Secretarial Audit). The revised Secretarial Audit section now discloses that the company had non-composition of the Nomination and Remuneration Committee for the quarters ended September 2024 and December 2024, attracting SOP fines of Rs. 51,920 and Rs. 2,360 respectively from each stock exchange, which the company has paid. The company clarified that there is no material change in the financial information and these are purely printing/clerical errors. For context, the FY25 annual report shows revenue of Rs. 2,378 Mn (up from Rs. 2,025 Mn), EBITDA of Rs. 452 Mn at 18.98% margin, and PAT of Rs. 268 Mn.
This is a procedural correction rather than a business event, so the impact on shareholders is minimal. However, the revised disclosure of past NRC non-compliance and SOP fines, though small in absolute amount, signals minor governance lapses during the company's first year as a listed entity (listed September 2024). No material impact on stock price is expected.