Re-appointment of Gokhale and Sathe, Chartered Accountants, (FRN: 103264W) as Statutory Auditors of the Company for a term of five years.
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Mitsu Chem Plast Ltd's board, at its May 8, 2025 meeting, approved audited financial results for Q4 and FY ended March 31, 2025. FY25 revenue from operations rose to Rs. 33,227.84 lakhs (vs Rs. 31,124.99 lakhs in FY24), but profit after tax declined to Rs. 725.08 lakhs (vs Rs. 886.22 lakhs), with diluted EPS falling to Rs. 5.39 from Rs. 7.12. Q4 FY25 revenue was Rs. 9,047.12 lakhs with PAT of Rs. 354.17 lakhs. The board recommended a final dividend of Rs. 0.20 per share (2%) on a Rs. 10 face value, subject to shareholder approval. Gokhale & Sathe (FRN 103264W) was re-appointed as Statutory Auditor for a second 5-year term, Mr. Haresh Sanghvi was appointed as Secretarial Auditor for FY2025-26 to FY2029-30, and InCorp Advisory Services was re-appointed as Internal Auditor for FY2025-26.
Mixed signals for shareholders — top-line growth of ~6.7% was offset by an ~18% drop in yearly profit and lower EPS, while the small 2% dividend offers limited yield. Auditor re-appointments are routine governance matters and unlikely to move the stock.