Appointment of Secretarial Auditor of the Company for five consecutive years subject to approval of shareholders.
RSWM · price
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RSWM Limited's board, at its meeting on May 13, 2025, approved the audited financial results for the quarter and full year ended March 31, 2025, with the statutory auditor Lodha & Co LLP issuing an unmodified opinion. On a standalone basis, revenue from operations rose to Rs 4,825.29 crore in FY25 from Rs 4,057.20 crore in FY24, while net loss narrowed sharply to Rs 41.28 crore from Rs 94.02 crore. The Yarn and Fabric segments both turned in positive segment results for the year. Additionally, the board appointed Mr. Mahesh Kumar Gupta of M/s. Mahesh Gupta & Co. as the Secretarial Auditor for five consecutive years (FY 2025-26 to FY 2029-30), subject to shareholder approval at the upcoming AGM.
The narrowed loss and ~19% revenue growth signal improving operational performance, which is a positive for shareholders, though the company is still in the red. The new secretarial auditor appointment is a routine governance matter pending shareholder nod, with no immediate financial impact.