Appointment of Secretarial Auditors of the Company.
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Ramgopal Polytex's board met on May 22, 2025 and approved audited financial results for Q4 and FY ended March 31, 2025, with an unmodified (clean) opinion from statutory auditors Shanker and Kapani. The board appointed Mr. Ravi Seth (M/s. Ravi Seth & Co.) as Internal Auditor for FY 2025-26 and CS Uma Lodha (M/s. Uma Lodha & Co.) as Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-30, subject to shareholder approval. Revenue from operations dropped sharply from Rs. 1,099.55 lakhs in FY24 to Rs. 148.20 lakhs in FY25. However, the net loss narrowed significantly from Rs. 166.64 lakhs in FY24 to Rs. 18.52 lakhs in FY25, mainly helped by lower purchase costs and reduced other expenses.
The auditor appointments are routine governance items with no material governance concerns flagged. The steep revenue decline reflects a sharp slowdown in the company's yarn and polymer trading business, but the sharp reduction in losses signals better cost control. Overall, this is a neutral-to-slightly-positive update for shareholders, with weak top-line performance offset by improved bottom-line results.