Gravita India Limited has informed the Exchange regarding Change in Auditors of the company.
GRAVITA · price
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Gravita India's board, meeting on 2nd May 2025, approved audited standalone and consolidated results for Q4 and FY25. Standalone total income rose to Rs. 3,269.98 crores in FY25 from Rs. 2,732.28 crores a year earlier, while profit after tax grew to Rs. 194.13 crores (vs Rs. 179.62 crores), translating to basic EPS of Rs. 27.58. Q4 standalone profit came in at Rs. 73.52 crores on total income of Rs. 882.49 crores. The board declared an interim dividend of Rs. 6.35 per share (317.50%) for FY26, with a record date of 8th May 2025 and payout by 31st May 2025. M/s PricewaterhouseCoopers Services LLP (PwC) was appointed as the new internal auditor for FY26, replacing M/s KPMG whose tenure ended, and M/s Pinchaa & Co. was re-appointed as secretarial auditor for five years from 1st April 2025.
Shareholders benefit from healthy topline and bottomline growth alongside a generous 317.50% interim dividend, signalling strong cash generation. The internal auditor change from KPMG to PwC is a routine tenure-based rotation and not a governance red flag, though the statutory auditor issued a qualified opinion (carried from FY24) over Rs. 20.67 crore of treasury share treatment under the Employee Welfare Trust, a relatively minor comparability issue.