Intimation regarding Appointment of Secretarial Auditors of the Company due to casual vacancy caused by resignation of secretarial Auditors.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Gujarat Craft Industries Ltd has appointed M/s. Kashyap R. Mehta & Partners as Secretarial Auditors to fill a casual vacancy caused by the resignation of M/s. Nishant Pandya & Associates. The new auditors will hold office until the ensuing AGM. The filing also includes FY 2025-26 audited financial results showing Total Income of ₹18,433.94 lakh (down 9.3% YoY from ₹20,325.71 lakh) and Profit after Tax of ₹96.98 lakh (down 64% YoY from ₹268.62 lakh). The company has proposed a final dividend of ₹0.50 per share (5%) subject to shareholder approval. Statutory auditors gave an unmodified opinion on the financial statements.
The resignation and replacement of secretarial auditors mid-term indicates a governance change, though the statutory audit opinion remains clean. The significant decline in profitability (down 64%) and revenue may weigh on investor sentiment despite the positive dividend announcement.