The Board of Directors has appointed M/s. B. Desai & Co., as Cost Auditor, M/s. Aneja Assurance Private Limited as Internal Auditor, M/s. KKC & Associates LLP as Tax Auditor and M/s. Umesh ....
MAFATIND · price
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Mafatlal Industries' Board approved audited standalone and consolidated results for Q4 and FY25. Standalone revenue grew about 35% YoY to Rs. 2,807 crores, while net profit stayed nearly flat at Rs. 98.14 crores versus Rs. 98.75 crores in FY24; the firm reported a total comprehensive loss of Rs. 69.46 crores due to mark-to-market losses on equity investments. The Board recommended a final dividend of Re. 1 per share (50% on face value of Rs. 2), with record date set for July 25, 2025, and the 111th AGM scheduled for August 4, 2025 via video conferencing. Statutory auditor Price Waterhouse issued an unmodified opinion. Mrs. Smita Jhanwar will take over as CFO from June 1, 2025, replacing Mr. Milan Shah, who retires from the position on May 31, 2025. The Board also appointed Cost, Internal, Tax, and Secretarial auditors for FY25-26 and approved in principle the incorporation of a new subsidiary.
Strong revenue growth signals business expansion, though the investment-driven comprehensive loss and flat profits may temper near-term sentiment; the maintained 50% dividend is positive for shareholders. The planned CFO retirement and orderly transition to an internal appointee is routine and not a governance red flag.