S H Kelkar and Company Limited has informed the Exchange regarding Appointment of Mr as Executive D of the company w.e.f. September 01, 2025.
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The Board of S H Kelkar and Company (Keva) approved audited FY25 results with consolidated revenue from operations of Rs. 2,123.40 crore, up from Rs. 1,840.83 crore in FY24, but reported a sharp drop in net profit to Rs. 73.01 crore (vs Rs. 123.55 crore) due to a Rs. 605.55 crore exceptional loss from a fire at the Vashivali plant in April 2024. A final dividend of Re. 1 per share (10%) was recommended, with the 69th AGM set for August 12, 2025. Mr. Kedar Vaze was re-appointed as Whole-time Director and Group CEO for three years effective September 1, 2025, and Ms. Pallavi Gokhale was appointed as a Non-Executive Non-Independent Director from July 1, 2025. The Board also approved the incorporation of a wholly owned subsidiary, Keva Middle East FZE, in the UAE, expected by December 31, 2025, to strengthen its fragrances and flavours presence. New Secretarial, Internal, and Cost Auditors were also appointed for FY26.
The headline numbers show healthy revenue growth of around 15% in FY25, but bottom-line was hit hard by the one-time fire loss, which is partly offset by an interim insurance claim of Rs. 95 crore. The final dividend signals continuity in shareholder returns, and the Middle East expansion could support future growth, though the note on excess managerial remuneration to the CEO awaiting shareholder approval is a minor governance flag.