Appointment of Additional Director in the capacity of Non-Executive Independent Director.
RNBDENIMS · price
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R & B Denims held a board meeting on 15 May 2025 and approved audited standalone and consolidated financial results for Q4 and FY25 (year ended 31 March 2025). On a standalone basis, FY25 revenue from operations fell about 10% to Rs. 23,613.76 lakhs (vs Rs. 26,226.44 lakhs a year ago), while net profit rose roughly 12% to Rs. 2,091.85 lakhs and EPS declined to Rs. 2.33 from Rs. 2.64. On a consolidated basis, revenue rose about 5% to Rs. 36,678.27 lakhs and net profit grew around 25% to Rs. 2,747.40 lakhs (EPS Rs. 3.06 vs Rs. 3.09). Q4 standalone revenue was sharply lower year-on-year (Rs. 6,555.06 lakhs vs Rs. 8,622.13 lakhs), though Q4 profit improved. The board also appointed V. M. Patel & Associates as cost auditor for FY25-26, brought in Mrs. Nitika Abhishek Soni (DIN 10708045) as an Additional Non-Executive Independent Director, and accepted the resignation of Independent Director Ms. Radhika Arun Kanodiya with effect from 15 May 2025, leading to a change in the composition of the Audit Committee and Nomination & Remuneration Committee.
The director change looks like a routine one-for-one independent director replacement and is unlikely to materially affect shareholders. However, the falling standalone top line and declining EPS despite higher profit point to margin improvement but shrinking volumes, which investors should watch; consolidated numbers are healthier on both growth and profit.