Meghmani Organics Limited has informed the Exchange regarding Outcome of Board Meeting held on May 10, 2025.
MOL · price
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Meghmani Organics reported audited consolidated revenue of Rs. 2,07,975 lakhs for FY25, up about 33% from Rs. 1,56,628 lakhs in FY24, driven by strong growth in the Agrochemicals segment (revenue up ~34% to Rs. 1,45,059 lakhs). Consolidated loss narrowed sharply to Rs. (1,060) lakhs in FY25 from Rs. (10,603) lakhs in FY24. On a standalone basis, the company swung back to a profit of Rs. 6,642 lakhs in FY25 versus a loss of Rs. (5,657) lakhs in FY24, helped by a Rs. 4,384 lakh insurance claim receipt from prior fire incidents. The board approved the appointment of M/s. Mukesh M. Shah & Co as the new statutory auditor for five years, replacing S R B C & Co LLP whose five-year term ended. The auditors issued an unmodified (clean) opinion on the results. The board also approved a Rs. 6 crore investment in a 4.5 MW wind-solar hybrid power project with Prozeal Green Energy.
Strong revenue growth and a turnaround from heavy losses signal improving operations, though consolidated FY25 bottom line is still in the red. The auditor rotation is routine and a clean opinion supports credibility, while the small renewable energy investment is positive for ESG but not financially material.