The Board at its meeting held today has considered and approved; 1. Appointment of Secretarial Auditor 2. Re-appointment of Cost Auditor 3. Re-appointment of Internal Auditor

IP Rings Ltd's board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, along with several governance changes. Standalone revenue from operations declined about 4.2% to Rs 30,337.55 lakhs (vs Rs 31,671.88 lakhs last year), while net loss widened to Rs 319.79 lakhs (vs Rs 273.14 lakhs). Q4 standalone revenue was Rs 8,420.53 lakhs with a profit of Rs 83.33 lakhs. Consolidated loss was deeper at Rs 442.60 lakhs, pulled down by a Rs 124.83 lakhs share of loss from joint venture IPR Eminox. Statutory auditors issued an unmodified opinion. The board re-appointed Mr. A. Venkataramani as Managing Director for 3 years (till June 30, 2028), appointed Mr. R. Mukundan as Secretarial Auditor for 5 years (FY26–FY30), and re-appointed the Cost and Internal Auditors for FY26. Cash and equivalents fell sharply from Rs 622.99 to Rs 117.50 lakhs while total borrowings rose to about Rs 9,926 lakhs, bringing debt close to total equity.