Outcome of Board Meeting
GRAUWEIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Grauer & Weil India approved its audited standalone and consolidated financial results for Q4 and the full year ended March 31, 2025, with the statutory auditor (M M Nissim & Co LLP) issuing an unmodified (clean) opinion. Standalone revenue from operations rose about 10% YoY to roughly Rs. 1,20,580 Lacs, while profit after tax grew about 6–7% to approximately Rs. 16,455 Lacs. The Board recommended a 50% dividend (Re. 0.50 per share on Re. 1 face value), subject to shareholder approval, and fixed the 67th AGM for August 11, 2025. The auditor flagged an Emphasis of Matter relating to the Maharashtra Pollution Control Board order and a Bombay High Court order dated March 19, 2025 that suspended mall operations; the company has filed a Special Leave Petition, with no provision made in the books. The Board also reappointed Dr. Prerna Goradia as Independent Director for 5 years and appointed new Secretarial, Cost, and Internal Auditors.
Clean audit opinion and a dividend declaration are positive signals for shareholders, but the Emphasis of Matter on the suspended mall operations and pending court case is a material overhang that investors should track closely.