Appointment of various auditors of the Company. For details please see the enclosed letter.
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Awaiting price reaction for this filing.
The board approved audited financial results for the half-year and full year ended March 31, 2025. Revenue from operations rose to Rs 3,757.83 lakhs (FY24: Rs 3,488.88 lakhs), and profit after tax grew to Rs 1,312.61 lakhs (FY24: Rs 1,154.52 lakhs), with EPS at Rs 12.18 versus Rs 7.69 last year. Statutory auditors Sukhpal Singh & Co. issued an unmodified (clean) opinion on the financials. Total equity nearly doubled to Rs 8,399.54 lakhs following the company's IPO in January 2025, which raised Rs 4,032 lakhs (of which Rs 3,510.20 lakhs remained unutilized as of March 31, 2025). The board also appointed M/s Vijay Dhingra & Co. as Internal Auditors and M/s Sukhpal Singh & Co. as Tax Auditor for FY 2024-25.
Positive signals for shareholders: clean audit, revenue and profit growth of roughly 8-14% YoY, and a stronger balance sheet post-IPO. Watch how the large unutilized IPO funds (Rs 3,510 lakhs) are deployed, as that will be the key driver of future growth.