Change in Designation of Mr. Yugandhara Rao Sunkara
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Awaiting price reaction for this filing.
IIRM Holdings India Ltd announced audited consolidated results for FY25 with total income of Rs. 22,095 lakhs (up ~23% from Rs. 18,000 lakhs in FY24) and net profit of Rs. 2,163 lakhs (slightly down from Rs. 2,264 lakhs). Standalone net profit was Rs. 76 lakhs on income of Rs. 365 lakhs. The board approved the appointment of M/s. PS Reddy & Associates as Internal Auditor for FY26 and re-designated Mr. Yugandhara Rao Sunkara as Non-Executive Independent Director, subject to shareholder approval. The board also noted three fines totaling Rs. 1.25 lakh (excl. GST) from the Calcutta Stock Exchange for compliance lapses, though management said these have no material financial impact. A scheme of amalgamation with subsidiary Sampada Business Solutions is pending regulatory approval.
Revenue growth is positive but bottom line is flat due to higher costs; the EPS dropped sharply because of share dilution from past issuances. The re-designation adds an independent director which is a governance positive, while the CSE fines are minor and unlikely to affect the stock.