Submission of Outcome of Board Meeting dated April 24, 2025 for change in designation of Mr. Pratik R. Kothari from Non-Executive Independent Director to Non-Executive Non-Independent Director ....
RAJOOENG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Rajoo Engineers' board, at its April 24, 2025 meeting, approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with an unmodified audit opinion. Consolidated revenue from operations grew to Rs. 25,365.51 lakhs (from Rs. 19,735.02 lakhs), while consolidated net profit jumped to Rs. 3,811.64 lakhs (from Rs. 2,100.83 lakhs), an ~81% YoY rise. EPS on a consolidated basis rose to Rs. 2.32 (from Rs. 1.28). The board also recommended a modest final dividend of Rs. 0.15 per equity share (Re. 1 face value) for FY24-25, subject to shareholder approval. Internal auditors (M/s. Savjani and Associates) and cost auditors (M/s. Shailesh Thaker & Associates) were re-appointed for FY25-26. Notably, Mr. Pratik R. Kothari was redesignated from Non-Executive Independent Director to Non-Executive Non-Independent Director, reducing the count of independent directors on the board.
Strong FY25 results with revenue up ~29% and profit up ~81% on a consolidated basis are positive for shareholders, but the modest Rs. 0.15 dividend signals cautious capital return. The downgrade of a director from Independent to Non-Independent status weakens board independence and is a mild negative governance signal worth watching.