OUTCOME OF BOARD MEETING DATED 27/05/2025
Awaiting price reaction for this filing.
The Board of Rama Petrochemicals approved its audited standalone and consolidated financial results for Q4 and FY ended 31st March 2025, along with the balance sheet and cash flow statement. Notably, the auditor issued a modified opinion on both the standalone and consolidated audit reports. The Board also approved the re-appointment of Mr. Pankaj Kumar Banerjee as Independent Director for a second 5-year term, re-appointed Khandelwal & Mehta LLP as statutory auditors for a second 5-year term, and appointed Ashok Patel & Associates as secretarial auditor for 5 years. Various statutory policies were amended, and the 39th AGM was scheduled for 6th August 2025 via video conferencing.
Shareholders should note the modified audit opinion, which signals some concern or qualification from the auditors on the financial statements and warrants closer review of the detailed results. The re-appointments of directors and auditors reflect continuity in governance, but the modified opinion could weigh on investor sentiment.