Appointment of Internal Auditor and Re appointment of Cost Auditor for the Financial Year 2025-26.
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Rungta Irrigation's board approved audited standalone results for Q4 and FY ended March 31, 2025, with an Unmodified Opinion from statutory auditors M/s Mamraj & Co. FY25 revenue from operations grew strongly to Rs. 219.35 crores from Rs. 148.77 crores a year earlier (about 47% growth). Profit after tax for FY25 rose to Rs. 6.22 crores (from Rs. 5.65 crores), with EPS at Rs. 3.12 vs Rs. 2.84. The board also appointed Mr. Subhash Kataria as Internal Auditor and M/s S. Shekhar & Co. as Cost Auditor for FY 2025-26. Separately, the company entered into an unsecured loan agreement of up to Rs. 20 crores with Gladiolus Finance Consultants Pvt Ltd (a related-party NBFC holding 15.81% stake); the filing explicitly states the related-party transaction is NOT done at arm's length, and involves Director Mr. Samrat Jain whose spouse is part of the promoter group.
Strong revenue growth and improved profitability are positives for shareholders, but the Rs. 20 crore unsecured related-party loan — taken on non-arm's-length terms from a promoter-affiliated lender — is a governance red flag that minority investors should watch closely.