Galaxy Surfactants Limited has informed the Exchange regarding appointment of secretarial auditor in its Board Meeting held on May 16, 2025.
GALAXYSURF · price
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Awaiting price reaction for this filing.
Galaxy Surfactants' board approved audited FY25 results, with consolidated revenue rising ~11% YoY to Rs. 4,223.67 crores and consolidated PAT marginally up ~1% to Rs. 304.91 crores (EPS Rs. 86.00). Standalone revenue grew ~9% to Rs. 3,001.27 crores, but standalone PAT declined ~13% YoY to Rs. 173.82 crores on higher employee and other expenses. Statutory auditor Deloitte Haskins & Sells LLP issued an unmodified (clean) opinion on both standalone and consolidated results. The board recommended a final dividend of Rs. 4 per share, taking total FY25 payout to Rs. 22 per share (including the Rs. 18 interim dividend paid in March 2025). M/s. S. N. Ananthasubramanian & Co was appointed as Secretarial Auditor for a five-year term (FY26-FY30), subject to shareholder approval. The 39th AGM is scheduled for August 12, 2025.
Mixed signals for shareholders — top-line growth is healthy but the ~13% YoY drop in standalone profit and rising expenses may pressure the stock in the near term. The higher total dividend of Rs. 22 per share and a clean audit opinion are positives, while the secretarial auditor appointment is a routine governance step with no material impact.