Superannuation of Chief Financial Officer
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
National Plastic Technologies Ltd announced the superannuation (retirement) of Mr. Manikandan R as Chief Financial Officer effective close of business on June 30, 2025, with Mr. Sai Krishna Alluri — a Chartered Accountant and Cost & Management Accountant with around 15 years of experience — appointed as the new CFO from July 1, 2025. The board also approved audited standalone results for FY25, reporting total income of Rs. 31,080.49 lakhs (up from Rs. 26,930.70 lakhs in FY24) and net profit after tax of Rs. 902.72 lakhs (up from Rs. 841.65 lakhs). Statutory auditor C.A. Patel & Associates gave an unmodified opinion on the results. A final dividend of Rs. 1.50 per share (15% on face value of Rs. 10) has been recommended for FY24-25, subject to shareholder approval. M/s. SMAYA & Associates was appointed as the new internal auditor for FY25-26.
The CFO change appears to be a planned succession with an internal candidate taking over, suggesting continuity in financial leadership. FY25 results reflect solid revenue growth of about 15% but a more modest ~7% rise in net profit, alongside a steady 15% dividend — broadly a neutral to mildly positive signal for shareholders.