Announcement under Reg 30 (LODR) for changes in Management.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Pasupati Spinning & Weaving Mills announced that its Board, meeting on May 23, 2025, appointed Mr. Ajay Kumar Monga, a Chartered Accountant, as the new Chief Financial Officer effective immediately. The Board also approved the audited standalone financial results for Q4 FY25 and the full year ended March 31, 2025. For FY25, revenue came in at Rs. 10,050 lacs (down from Rs. 10,793 lacs last year), but net profit rose to Rs. 88 lacs (from Rs. 59 lacs) and EPS improved to Rs. 0.94 (from Rs. 0.63). Q4 FY25 revenue was Rs. 2,785 lacs with a net profit of Rs. 49 lacs. The statutory auditor issued a qualified opinion regarding Rs. 614.64 lacs of additional compensation claimed for acquired factory land, which the company has not booked pending receipt. The Board also appointed new cost, internal, and secretarial auditors for FY26 and approved related party transactions for Q4.
The new CFO brings in a chartered accountant with experience in global accounting, audit, and risk management, which should strengthen financial reporting. Profitability improved year-on-year despite a revenue dip, but the auditor's qualified opinion on the unrecognised Rs. 614.64 lacs land compensation is a recurring concern shareholders should watch.