Outcome of the Board Meeting - Disclosure under Regulation 30 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations)
PRAVEG · price
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Praveg Limited's board, meeting on May 30, 2025, approved audited consolidated and standalone financial results for Q4 and FY ended March 31, 2025, with the auditor issuing an unmodified opinion. Consolidated revenue from operations rose to Rs. 16,717.60 lakh (vs Rs. 9,159.67 lakh in FY24, up ~82%), and consolidated profit after tax rose to Rs. 1,604.84 lakh (vs Rs. 1,299.98 lakh). Standalone revenue grew to Rs. 13,262.73 lakh (vs Rs. 9,141.75 lakh), though standalone PAT was broadly flat at Rs. 1,286.29 lakh. The board recommended a final dividend of Rs. 1 per share (10% on face value of Rs. 10), subject to shareholder approval. Tenure of existing statutory auditor M/s. B.K. Patel & Co. ends at the upcoming AGM, and M/s. KPSJ & Associates LLP has been appointed as new statutory auditor for 5 years. Additionally, new secretarial and internal auditors were appointed for 5-year terms, and 1,512 stock options were granted to an employee under the ESOP 2024 plan.
Strong revenue growth driven by acquisitions of advertising subsidiaries and expanded event/hospitality business is positive for shareholders, while the modest dividend signals continued reinvestment. The auditor rotation is routine and reflects regulatory compliance rather than any governance concern.