Manaksia Coated Metals & Industries Limited has informed the Exchange regarding Change in Auditors of the company.
MANAKCOAT · price
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Awaiting price reaction for this filing.
The Board approved audited standalone and consolidated financial results for Q4 and FY ended 31st March 2025, with the statutory auditor S. Bhalotia & Associates issuing an unmodified opinion. A final dividend of Re. 0.05 per share (5% on Re. 1 face value) was recommended for shareholder approval. The Board appointed M/s. B. Chhawchharia and Co. as Internal Auditor and M/s. S. Chhaparia & Associates as Cost Auditor for FY 2025-26. Mr. Pritam Pal (DIN: 11050522) was inducted as an Additional Non-Executive Non-Independent Director. The Board also took on record a cautionary letter received from BSE and NSE (referenced from an earlier communication dated 28.03.2025). On a standalone basis, total income fell to Rs. 73,965 lacs (from Rs. 78,163 lacs in FY24), while profit before tax was Rs. 1,531 lacs versus Rs. 1,611 lacs in the prior year.
Routine annual compliance with FY25 results declared and a small dividend announced; the 'change in auditors' pertains to internal and cost auditor appointments, not the statutory auditor. The cautionary letter from exchanges and a marginal dip in revenue/profit are minor negatives but the new director induction signals modest board refreshment.