This is to inform you that pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), the Board of Directors, at ....
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The Board of Directors of Maestros Electronics & Telecommunications Systems Ltd, at its meeting held on May 29, 2025, approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2025. Statutory auditors M/s. Motilal & Associates LLP issued an unmodified opinion on the results. For FY25, standalone revenue from operations stood at Rs. 2,888.71 lakhs (vs Rs. 3,328.93 lakhs in FY24), a decline of about 13%, while profit after tax came in at Rs. 438.28 lakhs (vs Rs. 493.76 lakhs). Basic EPS was Rs. 7.95 for FY25 versus Rs. 8.96 in the previous year. The Medical segment remains the largest contributor, while the Telemedicine segment grew sharply in Q4. The Board also appointed M/s. ABHL & Associates as Internal Auditor for FY 2025-26 and M/s. D Maurya & Associates as Secretarial Auditor for five consecutive years starting FY 2025-26.
Shareholders should note a year-on-year decline in both revenue and profits despite growth in the Telemedicine segment. The change in statutory auditors (from D M K H & Co. to Motilal & Associates LLP during the year) and an unmodified audit opinion are neutral to mildly positive signals on governance, but the weak top-line performance may weigh on investor sentiment.