Pursuant to Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we would like to intimate that the Board of Directors ....
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Relicab Cable Manufacturing's Board (met May 29, 2025) approved audited financial results for Q4 and FY ended March 31, 2025. Profit before tax rose sharply to ₹236.72 lakhs in FY25 from ₹175.01 lakhs in FY24 (~35% growth), though profit after tax grew only modestly to ₹167.18 lakhs from ₹156.25 lakhs (~7%) because the tax expense jumped to about ₹69.54 lakhs from ₹18.76 lakhs. Operating cash flow improved to ₹292.40 lakhs versus ₹221.55 lakhs in FY24, and total equity strengthened to ₹1,356.73 lakhs. The statutory auditor (Jain Jagawat Kamdar & Co) issued an unmodified opinion but flagged two Emphasis of Matter points: weak reconciliation processes for deposits/advances/receivables/payables, and management-only classification of MSME vs other trade payables with no supporting audit evidence. The Board also appointed M/s. Shah Patel & Associates as Secretarial Auditor for a five-year term (FY26–FY30), subject to shareholder approval.
Profitability and cash generation improved, which is a positive, but the auditor's Emphasis of Matter flags on poor reconciliation and unverifiable payables classification are governance concerns that may weigh on investor sentiment and warrant follow-up.