Graphite India Limited has informed the Exchange regarding Change in Director(s) of the company.
GRAPHITE · price
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Awaiting price reaction for this filing.
Graphite India filed a revised disclosure (original dated 14 May 2025) confirming the appointment of Mr. Debanjan Mandal (DIN: 00469622) as an Additional Non-Executive Independent Director for a 5-year term and as a member of the Audit Committee. It also confirmed the appointment of M/s. Bajaj Todi & Associates as Secretarial Auditor for FY2025-26 to FY2029-30, both subject to shareholder approval. Alongside, the Board approved audited FY25 results: standalone revenue from operations of ₹2,420 Cr (vs ₹2,894 Cr in FY24) and standalone profit after tax of ₹451 Cr, with consolidated PAT at ₹458 Cr and EPS of ₹23.15 (standalone). No exceptional item this year, unlike FY24 which had a ₹954 Cr one-time gain from the sale of Bengaluru land. The Board recommended a dividend of ₹11 per share (face value ₹2), totaling around ₹215 Cr payout. Statutory auditors S.R. Batliboi & Co. LLP issued an unmodified opinion on both standalone and consolidated results.
Routine positive governance update — addition of a reputed Independent Director (senior litigator from Fox & Mandal) and a new Secretarial Auditor strengthen board oversight. The ₹11/share dividend (a 550% payout on face value) rewards shareholders even as core revenue declined, though investors should note the ₹110 Cr inventory write-down due to weak electrode prices signals ongoing pressure in the core graphite segment.