Appointment of Internal Auditor for the year 2025-26
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National Plastic Technologies reported FY25 audited results with revenue from operations of Rs. 31,064 lakhs (up from Rs. 26,922 lakhs in FY24) and net profit of Rs. 903 lakhs (up from Rs. 842 lakhs), with EPS at Rs. 14.85. The board recommended a final dividend of Rs. 1.50 per share (15% on face value of Rs. 10), subject to shareholder approval. Statutory auditor C.A. Patel & Associates issued an unmodified opinion on the results. The board also appointed M/s. SMAYA & Associates as internal auditors for FY26, while CFO Mr. Manikandan will superannuate on June 30, 2025, to be replaced by Mr. Sai Krishna Alluri (a CA and CMA with ~15 years of experience) effective July 1, 2025.
Modest revenue and profit growth with an unchanged dividend signals steady but unspectacular performance; the planned CFO transition is a routine superannuation with an internal successor, so no governance red flags but worth watching for smooth handover.