The Board of Directors at their meeting held on May 28, 2025 has approved the appointment of the Chief Financial Officer, Cost Auditor and Internal Auditor of the Company and has recommended ....
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Indsil Hydro Power and Manganese reported audited FY25 results showing a strong turnaround, with total income of about Rs. 259.6 crore versus Rs. 148.8 crore last year, and net profit of Rs. 27.8 crore compared to a loss of Rs. 9.9 crore in FY24. The statutory auditor (Divya K R and Associates) issued an unmodified opinion. The Board recommended a 5% dividend (Rs. 0.50 per share) subject to shareholder approval, with the AGM scheduled for September 11, 2025. Sri. R Muthiah was appointed as the new Chief Financial Officer, promoted internally from AGM-Finance. Cost Auditor, Internal Auditor, and Secretarial Auditor were re-appointed for FY25-26. The Board also noted recognition of a Fuel & Power Purchase Cost Adjustment (FPPCA) liability for FY23, FY24, and FY25 per an Andhra Pradesh Electricity Regulatory Commission order.
Positive for shareholders: sharp return to profitability, dividend declared, and stable governance with internal CFO elevation and re-appointed auditors. The FPPCA liability recognition is a one-time adjustment already absorbed in FY25 numbers.