Ratnamani Metals & Tubes Limited has informed the Exchange regarding Change in Auditors of the company.
RATNAMANI · price
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Awaiting price reaction for this filing.
Ratnamani Metals & Tubes announced audited FY25 results. Standalone revenue from operations grew modestly to Rs. 4,87,614 lakhs (vs Rs. 4,80,677 lakhs in FY24), while net profit declined about 5% to Rs. 57,801 lakhs (vs Rs. 60,861 lakhs). Q4 FY25 was strong, with standalone net profit of Rs. 22,474 lakhs, up roughly 34% year-on-year. The board recommended a dividend of Rs. 14 per share (700%) on 7,00,92,000 equity shares, subject to shareholder approval. Statutory auditor Kantilal Patel & Co. issued an unmodified opinion. The board also appointed M. C. Gupta & Co. as Secretarial Auditors (5-year term), G. K. Choksi & Co. as Internal Auditors, and N. D. Birla & Co. as Cost Auditors for FY 2025-26. A proposal was approved to raise up to Rs. 500 crore via privately placed NCDs in one or more tranches. The 41st AGM is set for September 9, 2025, with record date September 2, 2025.
Solid Q4 performance and a generous 700% dividend are positives for shareholders. However, the slight dip in full-year profit and the plan to raise up to Rs. 500 crore through NCDs may be viewed as mixed signals. Routine auditor appointments are administrative and not governance red flags.