Recommendation for Appointment of Secretarial Auditor.
RAJPALAYAM · price
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The Board approved audited standalone and consolidated financial results for Q4 and FY ended 31 March 2025. Standalone revenue grew to Rs.89,848 lakhs (vs Rs.85,856 lakhs last year), but the company swung to a standalone net loss of Rs.5,020 lakhs versus a profit of Rs.2,830 lakhs in FY24, driven by higher finance costs (~Rs.9,090 lakhs) and depreciation (~Rs.7,534 lakhs). Consolidated net profit (after share of associates) stood at Rs.1,705 lakhs, down from Rs.4,436 lakhs. A dividend of Rs.0.50 per equity share was recommended. The Board also recommended appointing Shri. M.R.L. Narasimha as Secretarial Auditor for a 5-year term (FY26-FY30) and sought shareholder approval to raise the borrowing limit from Rs.750 crore to Rs.850 crore and to continue minimum remuneration of Rs.240 lakhs for the Managing Director.
Despite revenue growth, weak standalone profitability (PAT swung to loss) and the need to expand the borrowing limit suggest continued stress on the core textiles business, though associate earnings kept consolidated numbers positive. The small Rs.0.50 dividend is a modest signal, while rising finance costs and high leverage may concern shareholders.