1. Re-appointment of M/s B D G & Co LLP as internal auditors for FY 2025-26 2. Re-appointment of M/s B. F. Modi & Associates, cost accountants as cost auditors for FY 2025-26
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Nikhil Adhesives' board approved FY25 audited standalone results, with revenue from operations rising about 3.6% to Rs. 58,459 lakhs from Rs. 56,419 lakhs in FY24. Net profit grew roughly 27% to Rs. 1,686 lakhs versus Rs. 1,325 lakhs a year earlier, and EPS stood at Rs. 3.67 against Rs. 2.88. The board declared a dividend of Rs. 0.22 per equity share (face value Re. 1) for FY25, pending shareholder approval. It also re-appointed B D G & Co LLP as internal auditors and B F Modi & Associates as cost auditors for FY26, and called a 1st EGM on June 16, 2025 via video conferencing. Statutory auditor Jay Shah & Associates issued an unmodified opinion on the FY25 results.
A 27% jump in full-year profit and a small dividend are mildly positive for shareholders, but modest revenue growth and a swing to negative operating cash flow in FY25 (Rs. -332 lakhs vs Rs. 1,807 lakhs in FY24) suggest working capital pressures worth watching. Re-appointment of existing auditors and a clean audit opinion support continuity and governance stability.