Change in Management
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.3 pts more than Nifty Microcap 250 and 3.8 pts more than its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The board approved audited financial results for Q4 and FY ended 31 March 2025 with an unmodified (clean) opinion from the statutory auditor. Revenue from operations dipped slightly to ₹96.95 crore (FY25) vs ₹98.38 crore (FY24), but net profit more than doubled to ₹3.75 crore vs ₹1.62 crore, lifting EPS to ₹4.11 from ₹2.44. No dividend has been recommended for FY25. The board appointed M/s. Ragini Chokshi & Co. as Secretarial Auditor for five years (FY26–FY30) and M/s. Parekh Sharma & Associates as Internal Auditor for FY26. Mr. Harsh Parekh (DIN: 06854020) was re-appointed as Whole-Time Director after retiring by rotation. The 38th AGM is scheduled for 23 July 2025 via video conferencing, and a new CSR Committee and CSR Policy were also constituted.
Profitability improved sharply even on marginally lower revenue, which is positive for shareholders, though the absence of a dividend means there is no immediate cash return. Governance changes are largely routine (auditor rotations, director re-appointment, AGM logistics) and unlikely to move the stock on their own.