Re-appointment of Internal Auditors for financial year 2025-26
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Panchmahal Steel's board met on May 23, 2025 and approved audited results for FY25 along with Q4 standalone numbers. Full-year revenue from operations fell to Rs. 38,310.11 lakhs from Rs. 42,761.54 lakhs in FY24, but profit before tax rose to Rs. 455.71 lakhs (vs Rs. 391.88 lakhs) and net profit improved to Rs. 332.53 lakhs (vs Rs. 296.92 lakhs), pushing EPS up to Rs. 1.74 from Rs. 1.56. Q4 FY25, however, slipped into a loss with a PBT of Rs. (270.27) lakhs and a per-share loss of Rs. 1.06 against a profit of Rs. 1.28 a year earlier. The board recommended a final dividend of Rs. 3 per share (30%) subject to shareholder approval. It also re-appointed M/s Kiran J. Mehta & Co. as Cost Auditors and M/s Keyur Patel & Co. as Internal Auditors for FY 2025-26, and received an unmodified audit opinion from statutory auditors CNK & Associates LLP.
Shareholders get a steady 30% final dividend despite lower topline, and continuity of auditors along with an unmodified audit opinion signals stable governance; however, the weak Q4 loss, declining full-year revenue, negative operating cash flow of Rs. 504.87 lakhs and rising borrowings warrant close watch on near-term stock sentiment.