S H Kelkar and Company Limited has informed the Exchange regarding Change in Director(s) of the company.
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S H Kelkar and Company (Keva) announced audited consolidated FY25 results with revenue from operations of ₹2,123.40 crore, up about 15% from ₹1,840.83 crore in FY24. Profit before tax from continuing operations was ₹175.36 crore (FY24: ₹183.28 crore), while full-year profit stood at ₹73.01 crore versus ₹123.55 crore last year, pulled down by a ₹160.18 crore exceptional loss from the April 2024 Vashivali plant fire. Q4 FY25 showed a sharp recovery, with quarterly profit rising to ₹102.51 crore from ₹33.43 crore in Q4 FY24. The board has recommended a final dividend of Re. 1 per share (10%) for FY25, subject to shareholder approval at the 69th AGM on August 12, 2025. The board also approved the appointment of Ms. Pallavi Gokhale as a Non-Executive Non-Independent Director from July 1, 2025, and re-appointed Mr. Kedar Vaze as Whole-time Director and Group CEO for three years starting September 1, 2025. New secretarial, internal, and cost auditors were appointed, and a wholly-owned subsidiary Keva Middle East FZE will be set up in the UAE to expand the fragrances and flavours business.
For shareholders, the strong Q4 rebound, continued top-line growth, and steady dividend are positives, while the lower full-year profit reflects a one-time fire-related loss largely covered by insurance. Continuity at the CEO level is reassuring for execution, and the UAE expansion signals international growth intent. Investors should note the disclosure of excess managerial remuneration of ₹1.79 crore paid to the whole-time director, which is pending shareholder approval — a minor governance concern.