Outcome of Board Meeting
Price
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The board approved audited standalone financial results for Q4 and FY ending March 31, 2025, with the statutory auditor issuing an unmodified opinion. For the full year, revenue from operations rose modestly to ₹1,779.24 lakhs (vs ₹1,692.28 lakhs in FY24, about 5% growth), while net profit grew about 23% to ₹261.65 lakhs (vs ₹211.95 lakhs). Q4 was weaker on revenue (₹411 lakhs vs ₹431 lakhs a year ago) though net profit edged up to ₹50.35 lakhs. Exceptional items of ₹53.93 lakhs were reported for FY25. Operating cash flow improved sharply to ₹240.44 lakhs from a near-flat ₹(7.19) lakhs in FY24. The board also noted completion of the second term of statutory auditor Mahendra N. Shah & Co, and approved appointment of G.M. Kapadia & Co as statutory auditor for five years starting from the 36th AGM in 2025. Internal auditor Chokshi & Chokshi LLP was re-appointed for FY26, and Tushar Shridharani was appointed as secretarial auditor for FY26 to FY30.
Routine board meeting with no major red flags. Results show modest top-line growth but solid profitability improvement and a strong rebound in operating cash flow. The auditor change is a planned transition after completion of a full term, not a mid-year or controversial switch, which should be neutral for shareholders.