Niraj Cement Structurals Limited has informed the Exchange regarding 'Appointment of Internal Auditor and Cost Auditor of the Company'.
NIRAJ · price
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Niraj Cement Structurals announced audited standalone and consolidated results for Q4 and FY ended March 31, 2025. Standalone revenue from operations rose about 7.6% to ₹50,611 lakhs (₹47,022 lakhs in FY24), while net profit jumped roughly 49% to ₹1,531 lakhs (₹1,028 lakhs in FY24). Basic EPS stood at ₹3.02 versus ₹2.57 a year earlier. The statutory auditor issued an unmodified opinion but flagged multiple Emphasis of Matter items, including unsettled contract revenue reversals, a pending DGGI GST search-and-seizure matter sub-judice in the Gujarat High Court, balance confirmations pending reconciliation, and impairment/expected credit loss provisions totaling around ₹2,925 lakhs during the year. The company also reported an exceptional loss of about ₹864 lakhs and issued 1.95 crore equity shares on a preferential basis to promoters and non-promoters during the year. Separately, M/s P.K. Verma & Co. was appointed as Cost Auditor and M/s Sanjay K. Lodha & Associates re-appointed as Internal Auditor for FY 2025-26.
Strong headline earnings growth is positive, but the expanded diluted share base, ongoing GST litigation, large impairments, and unreconciled balances flagged by auditors keep governance and earnings-quality risk elevated for shareholders.