Appointment of Secretarial Auditor
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Awaiting price reaction for this filing.
The Board approved the audited financial results for Q4 and FY ended March 31, 2025. Total income for FY25 stood at ₹4,046.37 lakhs (vs ₹3,789.26 lakhs in FY24), with profit for the year at ₹1,319.92 lakhs (vs ₹1,473.86 lakhs). EPS came in at ₹6.60 (vs ₹7.37). Statutory auditor MSKA & Associates issued an unmodified opinion. The Board also appointed M/s. Shravan A Gupta & Associates as Secretarial Auditor for a first term of 5 years starting FY2025-26, subject to shareholder approval. The company voluntarily delisted from Calcutta Stock Exchange effective February 1, 2025, and the earlier approved scheme of merger with Macrotech Developers Limited (Lodha group holding company) remains pending required approvals.
Routine corporate housekeeping with no material change in operations. The pending merger with Macrotech Developers (Lodha Group) is the key thing to watch, but no new triggers for short-term stock movement from this filing.