Approved appointment of Ms. Ranjana Sahani as an Internal Auditor for the FY 2025-26 and Appointment of SG & Associates Practicing Company as the Secretarial Auditor of the Company for ....
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The board, at its May 30, 2025 meeting, approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, along with the auditors' report and cash flow statement. Statutory auditors Vora & Associates issued an unmodified opinion. Standalone total income rose to Rs. 475.04 lakhs (vs Rs. 310.82 lakhs in FY24), with profit after tax jumping to Rs. 217.43 lakhs (vs Rs. 46.99 lakhs). On a consolidated basis, however, total income fell sharply to Rs. 1,066.07 lakhs (vs Rs. 5,663.02 lakhs), though PAT came in at Rs. 269.39 lakhs. The board also appointed Ms. Ranjhana J Sahani as Internal Auditor for FY 2025-26 and M/s SG & Associates as Secretarial Auditor for a 5-year term (FY 2025-26 to FY 2029-30), subject to shareholder approval.
Shareholders get a clean audit with no qualifications and a sharp improvement in standalone profits, though the steep drop in consolidated revenue (largely from the Sea-King Club subsidiary segment) signals uneven performance. The new auditor appointments are routine governance steps and unlikely to move the stock, but the FY26 outlook for the subsidiary business is a key watchpoint.