Relaxo Footwears Limited has informed the Exchange regarding Change in Auditors of the company.
RELAXO · price
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On the reaction day the stock moved 1.2 pts less than Nifty Microcap 250 and 0.2 pts less than its Footwear peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board of Relaxo Footwears met on May 9, 2025 and approved a final dividend of INR 3 per equity share (300%) on a face value of INR 1 for FY ended March 31, 2025, subject to shareholder approval. The record date has been fixed as August 21, 2025, and the dividend, if approved, will be paid on or before September 26, 2025. The 41st Annual General Meeting is scheduled for August 28, 2025 via video conferencing. The Board also appointed M/s. Chandrasekaran Associates, a peer-reviewed firm with over 25 years of experience, as the Secretarial Auditor for five consecutive years from FY 2025-26 to FY 2029-30, subject to shareholder approval at the AGM. Notably, the headline refers to a change in auditors, but the actual change is the appointment of a Secretarial Auditor, not the statutory auditor.
Shareholders stand to receive a healthy dividend payout, which is a positive signal. The secretarial auditor appointment is a routine compliance matter and should not materially affect the stock or operations.