The Board of Directors has appointed Mrs. Smita Jhanwar, as Chief Financial Officer of the Company w.e.f. 1st June, 2025 in place of Mr. Milan Shah, who shall retire from the office of ....
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The Board of Directors at its May 13, 2025 meeting approved the audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with standalone revenue from operations of Rs. 2,807.23 crores (up from Rs. 2,078.41 crores in FY24) and profit after tax of Rs. 98.14 crores (vs Rs. 98.75 crores in FY24). A final dividend of Re. 1 per share (50% on face value of Rs. 2) was recommended, with the record date set as July 25, 2025 and the 111th AGM scheduled for August 4, 2025. Mrs. Smita Jhanwar has been appointed as the new Chief Financial Officer effective June 1, 2025, replacing Mr. Milan Shah who is retiring from the position. The Board also approved the in-principle incorporation of a new subsidiary, and appointed Cost, Internal, Secretarial and Tax auditors for the upcoming years. Total comprehensive income for FY25 was negative Rs. 69.46 crores, mainly due to a Rs. 167.60 crore markdown in fair value of equity investments.
Shareholders will receive a 50% final dividend (Re. 1 per share) subject to AGM approval, signaling steady returns. The CFO transition is a routine succession with no governance flags. The new subsidiary and continued diversification into consumer durables and digital infrastructure show growth intent, though mark-to-market losses on investments weigh on overall comprehensive income.