Intimation regarding appointment of Internal Auditors for the FY2025-26
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The board approved audited FY25 results showing revenue of Rs 17,644.92 lakhs (up 23% from Rs 14,369.78 lakhs) and net profit of Rs 2,311.70 lakhs (up 53% from Rs 1,510.92 lakhs), with EPS of Rs 54.62. A final dividend of Rs 6 per share (60%) was recommended, with record date 28 August 2025 and AGM scheduled for 4 September 2025. The board approved appointing Sri. Ajeya Vel Narayanaswamy, son of Managing Director N. Krishnasamaraj, as Executive Director – Marketing for 5 years, subject to shareholder approval. M/s. G S N & Associates were appointed as Internal Auditors for FY25-26, while Cost Auditors were re-appointed and new Secretarial Auditors (M/s. MDS & Associates LLP) were recommended for a 5-year term. The board also recommended a material related party transaction with Samrajyaa and Company and an amendment to the Articles of Association regarding director retirement by rotation.
Strong earnings growth and a healthy 60% dividend signal solid shareholder returns, while the entry of the promoter family's next generation into an executive board role points to continuity in leadership. The related party transaction and Articles amendment will require shareholder approval at the upcoming AGM, so investors should watch for any proxy advisory views on these items.