The Board has considered and approved appointment of M/s P. Diwan & Associates, Practising Company Secretaries for a term of Five (5) consecutive year subject to approval of Shareholders ....
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The Board approved audited consolidated and standalone financial results for Q4 and FY ended March 31, 2025 with an unmodified auditor opinion. On a standalone basis, revenue from operations rose around 10.7% YoY to about Rs. 13,198 lakhs and net profit grew to Rs. 419.32 lakhs versus Rs. 381.08 lakhs in FY24, with EPS of Rs. 3.81. Consolidated revenue rose modestly to about Rs. 19,367 lakhs, while net profit comparability is affected by a realignment of the joint venture's reporting period with the parent. The Board recommended a final dividend of Rs. 2 per share (20% on face value of Rs. 10), subject to shareholder approval. Promoter-director Mr. Bhaskar M. Parekh was re-appointed as Executive Chairman and his brother, promoter Mr. Dilip M. Parekh, was re-appointed as Managing Director, each for a fresh three-year term starting September 1, 2025. New Secretarial Auditor M/s P. Diwan & Associates (5-year term) and Internal Auditor M/s K V A T & Co (1-year term) were also appointed. The 31st AGM has been scheduled for August 12, 2025 via video conferencing.
Steady standalone profit growth and a consistent Rs. 2 per share dividend signal continued financial health. Re-appointment of both promoter brothers at the top ensures leadership continuity through 2028, though the joint venture reporting realignment makes consolidated YoY comparisons less meaningful in the near term.