Intimation of Appointment of Secretarial Auditor
PRADPME · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Pradeep Metals reported FY25 audited results with standalone revenue of Rs. 29,439.08 lakhs (up ~17% YoY from Rs. 25,121.36 lakhs) and standalone PAT of Rs. 2,314.57 lakhs (up ~28% YoY from Rs. 1,813.01 lakhs), giving EPS of Rs. 13.40. Consolidated PAT was Rs. 2,717.37 lakhs (vs Rs. 2,228.42 lakhs). The board recommended a final dividend of Rs. 2.50 per share (25% on face value of Rs. 10), subject to shareholder approval. A new statutory auditor, M/s KKC & Associates LLP, was appointed for 5 years, along with secretarial auditor M/s Shweta Gokarn & Co. (FY26-FY30), internal auditor Kirtane & Pandit LLP, and cost auditor Vishesh Naresh Patani. Mr. Abhinav Goyal, son of CMD Mr. Pradeep Goyal and Director Mrs. Neeru Goyal, was re-appointed as a non-executive non-independent director, and a CSR committee was constituted. The amalgamation scheme with Nami Capital Pvt Ltd remains pending NCLT and BSE approval.
Strong profit growth (~28% YoY) and a 25% dividend signal healthy operations and shareholder returns. However, the re-appointment of a promoter family member on the board and an auditor change are governance points retail investors should note.