Appointment of Statutory Auditor, Secretarial Auditor and Internal Auditors of the Company.
PRAVEG · price
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Praveg Ltd's board approved audited financial results for FY25 (year ended March 31, 2025) with an unmodified auditor opinion. Consolidated revenue from operations jumped to Rs. 16,717.60 lakhs from Rs. 9,159.67 lakhs (about 82% growth), and consolidated net profit rose to Rs. 1,604.84 lakhs from Rs. 1,299.98 lakhs. Standalone revenue grew to Rs. 13,262.73 lakhs while standalone profit stayed nearly flat at Rs. 1,286.29 lakhs. The board recommended a final dividend of Rs. 1 per share (10%) on a face value of Rs. 10, subject to shareholder approval. Existing statutory auditors M/s B.K. Patel & Co. completed their tenure at the upcoming AGM, and M/s KPSJ & Associates LLP was appointed as new statutory auditors for 5 years. M/s ALAP & Co. LLP was appointed as secretarial auditor and M/s Paresh Parekh & Co. as internal auditor, both for 5-year terms. Additionally, 1,512 ESOP stock options were granted to an eligible employee.
Strong top-line growth driven by the new Advertisement segment (acquired Abhik and Bidhan advertising companies) and continued expansion in Events and Hospitality. The dividend and clean audit opinion are positives for shareholders, though the sharp rise in capital work-in-progress (Rs. 16,468.89 lakhs) signals heavy ongoing capex that may pressure near-term cash flows. Routine auditor rotation is governance-positive and should not concern investors.