Gujarat Industries Power Company Limited has informed the Exchange regarding 'Appointment of Secretarial Auditor'.
GIPCL · price
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Awaiting price reaction for this filing.
GIPCL's board approved audited FY25 results with revenue from operations of Rs. 1,25,625.72 lakhs, down from Rs. 1,34,863.80 lakhs last year (about 7% decline). Despite lower revenue, profit after tax rose to Rs. 21,143.41 lakhs from Rs. 19,851.07 lakhs (up ~6.5%) and EPS grew to Rs. 13.97 from Rs. 13.12, helped by lower fuel and finance costs. The board recommended a dividend of Rs. 4.09 per share (40.90%) for FY25, subject to shareholder approval. Statutory auditors CNK & Associates issued an unmodified (clean) opinion on the results. The company also appointed M/s. TNT & Associates as Secretarial Auditor for 5 years (FY26–FY30) and M/s. Dalwadi & Associates as Cost Auditor for FY26. Capital work-in-progress jumped sharply (from Rs. 43,659 to Rs. 3,26,634 lakhs) and long-term borrowings rose to Rs. 1,73,346 lakhs, indicating a major ongoing capex phase.
Lower top-line but better profitability and a healthy dividend are mildly positive for shareholders. The sharp rise in borrowings and work-in-progress signals heavy capacity expansion, which could support future earnings but also raises leverage. Overall, the clean audit opinion and steady dividend are reassuring for retail investors.