Intimation of appointment of secretarial auditor
Awaiting price reaction for this filing.
TMT India Ltd's Board of Directors met on August 14, 2025, and approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). The company reported zero revenue from operations and a net loss of Rs. 7.70 lakhs, slightly wider than the Rs. 7.25 lakh loss in the same quarter last year. The Board also recommended appointing M/s. Sayani & Associates, a peer-reviewed firm of practicing company secretaries, as the Secretarial Auditor for a five-year term, subject to shareholder approval at the 48th AGM. Additionally, the Directors' Report for FY 2024-25 and the notice for the 48th AGM were approved. No interim dividend was declared. The full-year FY25 results showed a loss of Rs. 45.98 lakhs.
The company continues to generate no operating revenue and is reporting ongoing losses, suggesting limited business activity. The secretarial auditor appointment is a routine governance compliance matter. Shareholders should note the disclosure that certain investments (50,000 equity shares in Sree Rayalaseema Alkalies & Allied Chemicals) were allegedly illegally transferred by a third party and are under legal pursuit, which could have future implications.