Pursuant to Regulations 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors ....
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The Board of Directors, at its meeting on May 26, 2025, approved the audited financial results for Q4 and FY ended March 31, 2025. FY25 total revenue rose to Rs. 5,050.30 lakhs from Rs. 4,829.57 lakhs in FY24, while profit before tax jumped to Rs. 339.04 lakhs from Rs. 54.39 lakhs. However, a one-time earlier-year tax expense of Rs. 341.71 lakhs booked under the Direct Tax Vivaad se Vishwas scheme limited net profit to Rs. 97.87 lakhs (EPS Rs. 1.26) versus Rs. 24.34 lakhs (EPS Rs. 0.33) last year. The Board also re-appointed M/s D.V. Shah as Internal Auditor for FY25-26 and recommended re-appointment of M/s M.A. Shah & Co. as Statutory Auditors for a fresh 5-year term, subject to shareholder approval. Additionally, M/s Pinakin Shah & Co. was appointed as Secretarial Auditor for 5 years, and Ms. Avani Vishnubhai Patel (DIN: 07774901) was inducted as an Additional Director.
The improved operating performance is positive, but the one-time Rs. 341.71 lakh tax settlement for older disputes dampens headline profitability. Auditor continuity (re-appointments) signals stability, while the new director addition and secretarial auditor appointment are routine governance matters; no material surprises are expected for shareholders.