Resignation of Mr. Rohit Jain as Chief financial officer and appointment of Mr. Pranesh Bhandari as Chief financial officer
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Jost's Engineering Company reported strong FY25 results with standalone revenue rising ~25% to Rs. 21,733 lakh and profit after tax jumping ~76% to Rs. 1,608 lakh (EPS Rs. 16.11 vs Rs. 9.90). Consolidated revenue grew to Rs. 23,891 lakh with PAT of Rs. 1,754 lakh. The board recommended a dividend of Rs. 1.25 per share (125% on face value of Rs. 1). Mr. Rohit Jain resigned as CFO and Key Managerial Personnel effective May 31, 2025, and Mr. Pranesh Bhandari (a Chartered Accountant with 13+ years of experience in finance, treasury and controllership) was appointed as the new CFO effective June 1, 2025. The internal auditor S.G.C.O & Co. LLP was reappointed, and Mr. Pramod Kumar Maheshwari was inducted into the Audit Committee.
Strong FY25 earnings with a healthy 125% dividend should be positive for shareholders. The CFO transition appears smooth and planned, with an experienced replacement, so it should not materially impact the stock. Investors should note the leadership change but the financial performance remains the key driver.