ENCLOSED HERWITH THE DISCLOSURE OF APPOINMENT
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Board meeting on May 19, 2025 approved audited financial results for Q4 and FY ended March 31, 2025. Revenue from operations for FY25 stood at Rs 3,273 lakhs versus Rs 3,478.59 lakhs in FY24, a mild decline of about 6%. Profit before tax jumped sharply to Rs 116.44 lakhs from Rs 30.51 lakhs in FY24, and net profit for FY25 was Rs 87.04 lakhs, indicating very strong profit growth. Operating cash flow was Rs 506.85 lakhs and cash at year-end rose to Rs 1,994.40 lakhs. The company appointed M/s Ramesh Chandra Mishra & Associates as Secretarial Auditor for a 5-year term (FY26–FY30) and Mr. Umang Shah as Internal Auditor for FY26. The statutory auditor M/s Venkat & Rangaa LLP issued an unmodified opinion on the FY25 results.
Profitability improved dramatically on better cost control even though revenue dipped slightly, which is a positive signal for shareholders. The new auditor appointments are routine compliance-related and unlikely to affect operations or stock price.