Repro India Limited has informed the Exchange regarding Appointment of Ms M S K A & Associates as Statutory Auditor of the company.
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Repro India Limited's board, at its May 19, 2025 meeting, approved audited financial results for Q4 and FY ended March 31, 2025, along with a clean (unmodified) opinion from statutory auditors M S K A & Associates. On a consolidated basis, FY25 revenue from operations fell to Rs 46,595 lakhs from Rs 47,946 lakhs, and the company swung to a net loss of Rs 206 lakhs versus a profit of Rs 1,201 lakhs in FY24 (restated). Standalone results were weaker, with revenue dropping to Rs 25,864 lakhs and a net loss of Rs 479 lakhs. The board also re-appointed M S K A & Associates as Statutory Auditor for a second 5-year term (from the 32nd to 37th AGM), appointed Makarand M. Joshi & Co. as Secretarial Auditor for FY2025-26 to FY2029-30, and re-appointed Ram Agarwal & Associates as Internal Auditor for FY2025-26. The company also corrected certain prior-period accounting errors, restating comparative figures. Additionally, the long-pending workers' strike at the Mahape factory (since April 2017) remains unresolved, with the company having applied to close down the unit.
Shareholders should note the sharp swing from profit to loss in FY25 on both consolidated and standalone bases, mainly due to higher expenses and one-time items including a Rs 246 lakh tax expense for an earlier period. The auditor re-appointment signals continuity rather than any governance red flag, but the persistent losses and the Mahape factory closure plan are points to watch closely.