Mallcom (India) Limited has informed the Exchange regarding Appointment of Mr Giriraj Mall as Executive Director of the company w.e.f. Jun 01, 2025.
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Mallcom (India) Limited announced audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with a consolidated turnover of around ₹47,094 lakhs. The Board recommended a final dividend of ₹3 per share (30% on face value of ₹10), subject to shareholder approval. The Board also approved a Scheme of Amalgamation to merge its wholly-owned subsidiary Mallcom VSFT Gloves Private Limited (turnover of ₹3,291.77 lakhs) into the parent company under Section 233 of the Companies Act, 2013 — no change in shareholding is expected since VSFT is wholly owned. Mr. Giriraj Mall, a relative of Managing Director Mr. Ajay Kumar Mall, has been re-appointed as Executive Director for a 5-year term (June 1, 2025 to May 31, 2030). The internal auditor M/s G C R A & Associates LLP was also re-appointed for FY 2025-26.
Shareholders get a 30% final dividend and an unqualified audit opinion, both positive signals. The amalgamation of the wholly-owned subsidiary simplifies the group structure with no share dilution, while the re-appointment of a promoter-family director signals continuity in leadership — a factor some investors may weigh for governance reasons.