The Board of Directors of the company appointed M/s. Bharat Prajapati & Co. as Secretarial Auditor of the company for a period of Five Years, subject to approval of shareholders at the ensuing AGM.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Narmada Macplast Drip Irrigation Systems announced that its Board has appointed M/s. Bharat Prajapati & Co., a peer-reviewed firm of Company Secretaries, as the Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-30, subject to shareholder approval at the upcoming AGM. The Board also approved the standalone unaudited financial results for Q1 FY26 (quarter ended June 30, 2025), which showed revenue from operations of Rs. 310.16 lakhs compared to nil in the same quarter last year, and a profit after tax of Rs. 40.09 lakhs versus Rs. 0.48 lakhs in Q1 FY25. EPS for the quarter stood at Rs. 1.11. The Statutory Auditors (Rajendra J. Shah & Co.) issued an unmodified limited review report on these results. An interim dividend of Rs. 0.10 per equity share for FY 2025-26 was already declared and paid in May 2025.
This is a routine regulatory filing — appointing a secretarial auditor is a standard compliance requirement and signals no governance concern. The strong year-on-year jump in Q1 revenue and profit (from near-zero base) reflects business normalization, but investors should note the company is small (Q1 revenue ~Rs. 3 crore) and compare with full-year trends before drawing conclusions.