Appointment of Mr. Chitranjan Agarwal (DIN: 00095715) as an Additional (Non-Executive Independent) Director, subject to the approval of Shareholders of the Company.
KDDL · price
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At its meeting on May 19, 2025, KDDL Limited's Board approved audited financial results for Q4 and FY25, recommended a final dividend of Rs. 5 per share (50%) subject to shareholder approval, and appointed Mr. Chitranjan Agarwal (Chartered Accountant and Lawyer with 35 years of experience in governance, risk, and compliance) as an Additional Non-Executive Independent Director, pending shareholder approval. On a consolidated basis, revenue rose about 18% YoY to Rs. 1,64,788 lakhs, with profit after tax at Rs. 14,229 lakhs versus Rs. 13,745 lakhs last year. Standalone profit dropped sharply to Rs. 4,924 lakhs from Rs. 22,006 lakhs, mainly because FY24 included one-time gains of Rs. 12,170 lakhs from the sale of Ethos Limited shares and Rs. 7,207 lakhs in dividend income from subsidiary Mahen Distribution. The new director is not related to any existing director and is not debarred by SEBI.
The dividend signals management's confidence in cash flows despite weaker standalone earnings, while the appointment adds a governance and compliance heavyweight to the board. Investors should note that the year-on-year standalone profit decline reflects the absence of one-off gains rather than deterioration in core operations, as evidenced by the strong consolidated growth.