IVP Limited has informed the Exchange about change in Management - Re-appointment of Whole-time Director & Chief Executive Officer

Management Changes View source PDF Explain this filing

IVP · price

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Price reactionminutes from the announcement price · days from the prior close

-0.5%Reaction day

₹188.28

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.8%-1.3% vs market

Specialty Chemicals peers, median of 84sector+0.3%-0.8% vs sector

On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and 0.8 pts less than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Specialty Chemicals peers, median of 84Pending

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AI summary

IVP Limited's Board met on May 15, 2025 and approved audited results for Q4 and FY25 along with several key decisions. For FY25, revenue from operations stood at Rs. 53,899 lakhs (slightly down from Rs. 54,610 lakhs in FY24), while profit after tax came in at Rs. 1,131 lakhs (vs Rs. 1,228 lakhs), translating to an EPS of Rs. 10.96. Q4 FY25 revenue rose to Rs. 14,936 lakhs from Rs. 14,223 lakhs in Q4 FY24, though PAT dipped to Rs. 383 lakhs from Rs. 474 lakhs. Statutory auditors Rajendra & Co. issued a clean (unmodified) opinion. The Board recommended a final dividend of Rs. 1 per share (10%) for FY25, subject to shareholder approval. It also approved the re-appointment of Mr. Mandar P. Joshi as Whole-time Director & CEO for another 3 years from August 1, 2025, and appointed new Secretarial and Cost Auditors.

Likely market impact

The CEO re-appointment signals continuity in leadership with no governance concerns raised. However, the slight dip in full-year profit and the modest Rs. 1 dividend suggest steady but not strong earnings growth, which may not generate significant positive momentum for the stock.