Appointment of Secretarial Auditor
MASTEK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mastek's board approved FY25 audited consolidated results showing revenue from operations of Rs. 3,455 crore (up about 13% YoY from Rs. 3,055 crore) and net profit of Rs. 376 crore (up about 21% YoY from Rs. 311 crore). EPS for the year stood at Rs. 121.78 versus Rs. 98.01 in the previous year. Statutory auditor Walker Chandiok & Co LLP issued an unmodified opinion on the financial statements. The board recommended a final dividend of Rs. 16 per share (320%), taking the total FY25 dividend to Rs. 23 per share (460%) compared with Rs. 19 per share (380%) last year. The board also approved the continuation of founder-Chairman Ashank Desai as a non-executive director beyond age 75 (he turns 75 in May 2026), subject to shareholder approval, and appointed M/s. P. Mehta and Associates as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30).
Positive for shareholders — strong double-digit revenue and profit growth, a higher dividend payout, and a clean audit opinion. The secretarial auditor appointment is a routine governance step and the founder's continuation provides leadership stability.