Appointment of Secretarial Auditor for a term of 5 consecutive years
GRASIM · price
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Grasim Industries' board approved audited standalone and consolidated financial results for FY25 on May 22, 2025. Standalone revenue rose to ₹31,563 crore from ₹25,847 crore last year, but net profit fell sharply to ₹212 crore from ₹945 crore, dragged by exceptional charges of ₹164 crore (including ₹114 crore write-down at JV BAKPL and ₹50 crore write-off of stuck capital work-in-progress). The board recommended a dividend of ₹10 per share (face value ₹2). On governance, M/s Makarand M. Joshi & Co. was named Secretarial Auditor for 5 years (FY26–FY30). CFO Pavan Kumar Jain will superannuate on Aug 15, 2025, with Hemant Kumar Kadel taking over as the new CFO from Aug 16. Separately, Company Secretary Sailesh Kumar Daga resigned effective July 15, 2025, to pursue opportunities outside the company.
Weak FY25 earnings despite revenue growth, mainly due to one-time charges, may weigh on sentiment, though the ₹10 dividend and orderly succession plans (CFO transition and new auditor) provide stability. Investors should watch for the new CFO's strategic direction and the Q1FY26 update on the paints business ramp-up (5 of 6 plants now operational).