Re-appointment of Mr. Sanjay Jain (DIN:00167765) as the Managing Director of the Company for the period of 3 (Three) years with effect from 01.09.2025.
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The board approved audited results for FY25 with revenue from operations rising to Rs 8,814.82 lakhs (vs Rs 8,473.59 lakhs last year) and net profit improving to Rs 114.42 lakhs (vs Rs 86.24 lakhs), translating to EPS of Rs 2.29. No dividend was declared for the year. Operating cash flow strengthened sharply to Rs 887.55 lakhs (from Rs 315.03 lakhs), though the company spent Rs 1,255 lakhs on property, plant and equipment, lifting total assets to Rs 4,930 lakhs. Mr. Sanjay Jain (DIN:00167765), the current Managing Director, was re-appointed for another 3 years effective September 1, 2025, subject to shareholder approval. The board also re-appointed the secretarial auditor (M/s. Rantu Das & Associates) and internal auditor (Mr. Sudhir Kumar Jha) for FY26, and the statutory auditor issued an unmodified opinion.
Continuity at the top with the existing MD getting another 3-year term provides stability, while higher profits and strong operating cash flow despite heavy capex signal healthy business momentum. The absence of a dividend may disappoint income-focused shareholders, but borrowing levels rose notably during the year.