Appointment of Internal & Secretarial Auditor
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Riba Textiles' board, at its meeting on 29 May 2025, approved audited standalone financial results for Q4 and FY ended 31 March 2025. Full-year revenue grew to Rs 29,612.62 lacs (from Rs 24,720.65 lacs), with net profit at Rs 849.97 lacs (up from Rs 791.77 lacs) and EPS of Rs 8.81. The statutory auditor issued an unmodified (clean) opinion. The board also re-appointed M/s Midha & Associates as Internal Auditors for FY 2025-26 and appointed M/s KJ & Associates as Secretarial Auditors for a 5-year term from FY 2025-26 to FY 2029-30, subject to shareholder approval.
The results show steady revenue growth (~20%) with modest profit growth, suggesting stable operations but margin pressure from higher costs. The fresh secretarial auditor appointment strengthens compliance oversight, while the clean audit opinion supports investor confidence.