The Board of Directors considered recommendation of Audit Committee for appointment of M/s. KPSJ & Associates LLP as Statutory Auditor, subject to approval of shareholders in ensuing Annual ....
PRAVEG · price
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Praveg Ltd's Board of Directors (meeting May 30, 2025) approved audited consolidated and standalone financial results for FY25. Consolidated revenue jumped to Rs. 16,717.60 lakhs from Rs. 9,159.67 lakhs in FY24 (~82% growth), with profit at Rs. 1,604.84 lakhs vs Rs. 1,299.98 lakhs (~23% growth). The Board recommended a final dividend of Rs. 1 (10%) per share, subject to shareholder approval. Existing Statutory Auditors B.K. Patel & Co. complete their tenure at the upcoming AGM, and KPSJ & Associates LLP has been recommended as new Statutory Auditors for a 5-year term. New Secretarial Auditors (ALAP & Co. LLP) and Internal Auditors (Paresh Parekh & Co.) were also appointed for 5-year terms, and 1,512 stock options were granted under the ESOP 2024 plan.
Strong revenue growth and steady profit expansion are positives for shareholders, though rising depreciation and finance costs due to a major capex push (capital work-in-progress up sharply from Rs. 2,241 to Rs. 16,469 lakhs) may pressure near-term margins. The auditor changes are routine tenure-based transitions, not red-flag resignations, and the modest Rs. 1 dividend reaffirms shareholder returns.