Ice Make Refrigeration Limited has informed the Exchange regarding Appointment of Ms. Nishant Pandya & Associates as Secretarial Auditor of the company w.e.f. April 01, 2025.
ICEMAKE · price
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Ice Make Refrigeration's board approved Q1 FY26 (quarter ended June 30, 2025) financial results. Consolidated revenue grew sharply to Rs. 1,115 crore from Rs. 852 crore in Q1 FY25 (~31% growth), but the company slipped into a loss of Rs. 146.90 lakh versus a profit of Rs. 364.42 lakh a year ago, dragged by higher material and finance costs. Standalone results showed a similar pattern with revenue of Rs. 1,118.5 crore against a loss of Rs. 138.9 lakh. The board declared a final dividend of Rs. 2.25 per share (22.5%) with September 20, 2025 as record date, subject to AGM approval on September 27, 2025. It also appointed M/s Nishant Pandya & Associates as Secretarial Auditor for 5 years (FY26–FY30) and approved increasing authorised share capital from Rs. 17.5 crore to Rs. 20 crore.
Strong top-line growth is positive, but the swing to a quarterly loss on cost pressures is a concern for short-term sentiment. The proposed dividend signals confidence in FY25 earnings, while the capital expansion suggests a possible future fundraise. Subsidiary Icebest Private Limited, which has a negative net worth, remains a watch point though the statutory auditor's opinion is unmodified.