Roto Pumps Limited has informed the Exchange regarding Change in Auditors of the company.
ROTO · price
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Awaiting price reaction for this filing.
Roto Pumps' board approved standalone and consolidated unaudited Q1 FY26 results (ended June 30, 2025). Standalone revenue from operations rose to Rs. 36.28 crore from Rs. 24.04 crore YoY, and net profit after tax jumped to Rs. 7.57 crore from Rs. 4.56 crore. Consolidated revenue stood at Rs. 83.05 crore with net profit of Rs. 6.30 crore. The board approved investing up to Rs. 10 crore in wholly owned subsidiary Roto Energy Systems (solar pumps business) and completed acquisition of the remaining 25% stake in Roto Pumps Africa Pty Ltd, making it a 100% step-down subsidiary. M/s Chandra Wadhwa & Co. was re-appointed as Cost Auditors for FY26, and M/s. Dayal & Maur was appointed as Secretarial Auditors for five years (FY26-FY30). New senior management appointments include Mr. Richard Stirch as GM-UK and Mr. Brad Adams as GM-Australia. The 50th AGM is scheduled for September 29, 2025.
Strong YoY earnings growth in both standalone and consolidated results is positive for shareholders. The Africa subsidiary acquisition consolidates control after a fraud-related episode (approximately Rs. 600 lakhs embezzlement, now under investigation with comparative financials restated) — this is a governance red flag investors should monitor. Overall, operational momentum appears strong but the subsidiary fraud warrants attention.