The Board of directors also approved the following in the meeting held on 30-05-2025 : 1) Resignation of Ms. Devaki Saran (DIN: [06504653]) as the Chief Financial Officer of the Company ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Hindustan Hardy Limited's board approved audited results for Q4 and FY ended March 31, 2025, alongside a 28% dividend (Rs. 2.80 per share on Rs. 10 face value). FY25 revenue grew to Rs. 81.97 crore from Rs. 68.14 crore last year, while net profit jumped to Rs. 6.60 crore from Rs. 5.09 crore, a roughly 30% rise, lifting basic EPS to Rs. 43.98. Ms. Devaki Saran stepped down as CFO but was redesignated as Chairperson and Managing Director for the remainder of her tenure (up to August 13, 2027). Ms. Mallika Saran, her relative and an Additional Director, was appointed as the new CFO and Executive Director for three years starting June 1, 2025, bringing experience from J.P. Morgan Asset Management. The statutory auditor issued an unmodified opinion, and the company's total borrowings rose to Rs. 7.66 crore from Rs. 4.09 crore with a CRISIL A+ rating.
Strong FY25 earnings with a healthy dividend are positive for shareholders, though the CFO-to-MD transition and entry of a family member into the CFO and Executive Director role may raise governance questions for minority investors. Watch for shareholder approval of the new appointments and remuneration at the upcoming AGM.