Appointment of M/s. Ritesh Sharma & Associates as Secretarial Auditor of the Company for a term of five consecutive years commencing from F.Y. 2025-26 to FY 2029-30, subject to the approval ....
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The board of Kunststoffe Industries approved its audited standalone financial results for Q4 and FY ended 31 March 2025, with the statutory auditor (M/s. Akshay Kirtikumar & Associates LLP) issuing an unmodified opinion. Total income for FY25 stood at Rs. 1,271.41 lakhs (down from Rs. 1,388.79 lakhs in FY24), but net profit after tax improved to Rs. 111.08 lakhs (vs Rs. 90.47 lakhs), with basic EPS rising to Rs. 0.64 from Rs. 0.54. Operating cash flow also nearly doubled to Rs. 210.42 lakhs from Rs. 103.49 lakhs. The board appointed Mr. Chidamber Arvind Rege as an Additional Independent Director for a 5-year term (April 2025 to March 2030), subject to shareholder approval. Additionally, M/s. A.V. Jobanputra & Co was appointed as Internal Auditor for FY 2025-26, and M/s. Ritesh Sharma & Associates as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30).
The results show a revenue dip but improved profitability and cash generation, which is mildly positive for shareholders. The independent director and auditor appointments are routine governance matters and unlikely to materially move the stock, though a clean audit opinion is a quiet positive signal.