Hilton Metal Forging Limited has informed the Exchange regarding Change in Auditors of the company.
HILTON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Hilton Metal Forging's board met on 30th May 2025 and approved audited financial results for Q4 and FY ended 31st March 2025. FY25 revenue rose to Rs 16,822.35 lakhs from Rs 13,988.80 lakhs, but net profit dipped to Rs 617.63 lakhs from Rs 668.58 lakhs. Q4 alone saw a strong rebound with net profit of Rs 452.63 lakhs vs Rs 54.91 lakhs a year ago. Statutory auditor Anil Bansal & Associates gave an unmodified (clean) opinion. The company appointed V.J. Talati & Co. as Cost Auditor for FY26 and Ms. Shreya Shah as Secretarial Auditor for five years (FY26–FY30). The board also noted an SOP fine and reminder letter from BSE and NSE for earlier non-compliance with Regulation 17(1) after independent director Vivek Sharma's resignation in October 2024 due to ill health; the company is now compliant with 6 directors including 3 independent directors.
Clean audit opinion and steady revenue growth are positives, but the slight dip in full-year profit and the past governance penalty over board composition are minor negatives. New auditor appointments are routine and unlikely to impact shareholders. Stock may see limited reaction; the headline 'Change in Auditors' is slightly misleading as the statutory auditor remains unchanged.