Himadri Speciality Chemical Limited has informed the Exchange regarding Appointment of Ms LABH & LABH as the Secretarial Auditor of the Company for the one term of five (5) consecutive years for the financial year 2025-2026 to 2029-30 and re-appointment of M/s Ernst & Young, LLP, as the Internal Auditors of the Company for the financial year 2025-26.
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The board approved audited financial results for Q4 and FY ended March 31, 2025. Standalone revenue from operations rose to Rs 4,595.80 crore (FY24: Rs 4,184.89 crore), while net profit jumped to Rs 558.06 crore (FY24: Rs 411.00 crore), a ~36% YoY increase. Q4 net profit came in at Rs 158.23 crore versus Rs 114.61 crore in the year-ago quarter. A final dividend of Rs 0.60 per share (60% of face value) was recommended for FY25. The board also approved the acquisition of 100% stake in Elixir Carbo Private Limited for Rs 7.5 crore, making it a wholly owned subsidiary, and adopted a new set of Articles of Association subject to shareholder approval.
Strong profit growth and a healthy dividend should be viewed positively by shareholders. The small Rs 7.5 crore acquisition of Elixir Carbo is not material to the company's size, while the AOA revision and new independent director are routine corporate governance actions. The re-appointment of EY as internal auditor and new secretarial auditor signal continuity in compliance oversight.