Update on Clarification on Declaration under Regulation 33 (3)(d) of SEBI (LODR)
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Awaiting price reaction for this filing.
KG Petrochem has issued a clarification correcting a typographical error in its May 28, 2025 filing. The name of the Statutory Auditor was wrongly stated as M/s R Sogani & Associates; the correct auditor is M/s H C Bothra & Associates (FRN: 008950C), who issued an unmodified (clean) opinion on the financial results. All financial figures remain unchanged. For FY25 (year ended March 31, 2025), revenue from operations grew to Rs. 37,538.82 lakhs from Rs. 33,080.32 lakhs in FY24, while profit after tax surged to Rs. 550.82 lakhs from Rs. 93.43 lakhs, lifting EPS to Rs. 10.55 from Rs. 1.79. Operating cash flow stayed positive at Rs. 2,719.29 lakhs. The company also disclosed related-party transactions with directors, their relatives, and group entities in the ordinary course of business.
This is a clerical correction with no change to financials; the clean (unmodified) audit opinion and sharp FY25 PAT growth are positive signals for shareholders. No material negative impact on the stock is expected.