Appointment of Internal Auditor of the company.
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Awaiting price reaction for this filing.
Indobell Insulations' Board, meeting on 24th May 2025, approved audited financial results for FY ended 31st March 2025. Revenue from operations rose to Rs 2,572.91 lakhs from Rs 1,788.15 lakhs last year, while profit after tax more than doubled to Rs 218.59 lakhs (from Rs 103.26 lakhs). EPS stood at Rs 3.47 vs Rs 2.52. The Board recommended a final dividend of Rs 2 per equity share, subject to shareholder approval. M/s. Basu Chatterjea & Co. was re-appointed as Internal Auditor till 30th May 2026. Statutory Auditor M/s. Bandyopadhyay & Dutt issued an unmodified opinion on the results. The company also confirmed no deviation in use of IPO proceeds — Rs 973.30 lakhs of the Rs 1,014.30 lakhs raised has been utilized, with Rs 41 lakhs parked in a bank FD earmarked for plant and machinery purchase.
Strong FY25 results with revenue up ~44% and profits more than doubling signal healthy operational momentum; the dividend and clean audit opinion should be viewed positively by shareholders, while the headline internal auditor re-appointment is a routine compliance matter.