Appointment of an Internal Auditor of the Company for the Financial Year 2025-26.
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Awaiting price reaction for this filing.
Ramgopal Polytex held a board meeting on May 22, 2025, where it approved audited financial results for Q4 and FY ended March 31, 2025, with the statutory auditor (M/s Shanker and Kapani) issuing an unmodified opinion. The company appointed Mr. Ravi Seth (M/s Ravi Seth & Co., Chartered Accountants) as Internal Auditor for FY 2025-26, and CS Uma Lodha (Uma Lodha & Co., Practicing Company Secretaries) as Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-30, subject to shareholder approval. FY25 revenue collapsed sharply to Rs. 226.05 lakhs from Rs. 1,156.18 lakhs in FY24, while the company reported a narrower net loss of Rs. 18.52 lakhs versus Rs. 166.64 lakhs last year. Other equity remains negative at Rs. (319.78) lakhs, and EPS stood at Rs. (0.13) for FY25. The company continues to trade in yarn and polymers, with no separate reportable segments.
Routine compliance announcement with no material positive catalyst — revenue has fallen sharply year-on-year and the company remains loss-making with negative reserves, suggesting weak fundamentals despite the appointment of new auditors.