Repro India Limited has informed the Exchange regarding Appointment of Ms Makarand M. Joshi & Co. as Secretarial Auditor of the company w.e.f. April 01, 2025.
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Repro India's board, at its May 19, 2025 meeting, approved the audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, along with an unmodified audit opinion from M S K A & Associates. On a consolidated basis, FY25 revenue from operations fell to Rs. 46,595 lakhs (from Rs. 47,946 lakhs in FY24), and the company slipped into a loss before tax of Rs. 152 lakhs and a loss after tax of Rs. 206 lakhs, versus a profit of Rs. 1,201 lakhs a year earlier. Standalone numbers were weaker, with revenue of Rs. 25,864 lakhs and a loss after tax of Rs. 479 lakhs. The board also approved re-appointing M S K A & Associates as statutory auditor for a second 5-year term, appointed M/s. Makarand M. Joshi & Co. as the new secretarial auditor for FY 2025-26 to FY 2029-30, and re-appointed Ram Agarwal & Associates as internal auditor for FY 2025-26. The company also flagged an ongoing strike at its Mahape factory (since April 2017) and prior-period restatements under Ind AS 8.
The swing from profit to loss on both standalone and consolidated books is a negative earnings signal for shareholders and may weigh on the stock in the short term, while the auditor changes are routine governance items that do not affect fundamentals.