Mangalore Chemicals & Fertilizers Limited has informed the Exchange regarding 'appointment of Cost, Internal and Secretarial Auditors of the Company'.
Awaiting price reaction for this filing.
Mangalore Chemicals & Fertilizers (MCFL) announced audited results for Q4 and FY ended March 31, 2025. Total income for FY25 stood at Rs. 3,36,854 lakhs, down from Rs. 3,83,670 lakhs in FY24, while net profit declined to Rs. 14,371 lakhs from Rs. 15,482 lakhs. The Board recommended a dividend of Rs. 1.50 per share for FY25, subject to shareholder approval. New Cost, Internal, and Secretarial Auditors were appointed for FY26 and beyond, and Mr. Marco Wadia was re-appointed as Independent Director for a second 5-year term. Statutory auditor PKF Sridhar & Santhanam LLP issued an unmodified (clean) opinion on the results. The ongoing merger with Paradeep Phosphates Limited remains pending regulatory approvals.
Flat-to-lower financials and a maintained Rs. 1.50 dividend suggest steady but not exciting results for shareholders. The pending merger with Paradeep Phosphates is the key catalyst to watch, as it could materially change the company's scale and structure once approvals come through.