Reappointment of Smt. Nalini Shewakramani (DIN:00021138) as whole time Director for a term of 3 years with effect from 17th May, 2025
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Ras Resorts & Apart Hotels has reappointed Smt. Nalini Shewakramani (DIN: 00021138), a promoter of the company, as Whole Time Director for a further 3-year term starting May 17, 2025. She is related to the Managing Director & CFO Shri Vishamber Shewakramani and other promoter directors, keeping the promoter family's grip on the board intact. Along with this, the board approved the audited financial results for Q4 and full year ended March 31, 2025, with the auditor (Khandelwal & Mehta LLP) issuing an unmodified (clean) opinion. For FY25, total revenue stood at Rs. 1,322.71 lakhs (vs Rs. 1,329.99 lakhs in FY24), while net profit rose to Rs. 32.74 lakhs (vs Rs. 18.30 lakhs), and EPS improved to Rs. 0.82 from Rs. 0.46. However, Q4 FY25 was weak — revenue fell to Rs. 344.53 lakhs and net profit dropped sharply to Rs. 1.10 lakhs from Rs. 50.74 lakhs in Q4 FY24. The company also confirmed it is not classified as a Large Corporate, with qualified borrowings of Rs. 3.92 crore at year-end.
Continuity at the top with the promoter family reappointing one of its own is unlikely to be a catalyst but signals stability. The full-year earnings improvement is mildly positive, though the sharp Q4 profit fall and stagnating revenue suggest the underlying hospitality business remains under pressure — investors should focus on revenue growth trends rather than the marginal FY25 profit gain.