Mr. B. Santhanam (DIN 00494806), Non-Executive Director of the Company has resigned from the Board of the Company with effect from close of business hours of May 16, 2025, consequent to ....
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The board approved audited financial results for the quarter and year ended March 31, 2025. FY25 revenue from operations rose to ₹20,841.38 lakhs (vs ₹20,069.97 lakhs in FY24) and profit after tax grew to ₹3,598.22 lakhs (vs ₹3,123.34 lakhs), with EPS of ₹3.95. A dividend of ₹2 per share (20% on ₹10 face value) was recommended, with July 15, 2025 as the record date. Non-Executive Director Mr. B. Santhanam resigned effective May 16, 2025, due to his superannuation from the Saint-Gobain Group. Mr. Sreedhar Natarajan, currently Group CFO of Saint-Gobain and newly appointed CEO of Asia-Pacific, was appointed as an Additional Director effective May 17, 2025. Mr. Senthil Nathan Seetharama Gurukkal was appointed as the new CFO, replacing Mr. Jeyendran Jayaseelan. The statutory auditor (Deloitte Haskins & Sells LLP) issued an unmodified opinion.
Healthy FY25 earnings growth (~15% PAT growth) and a maintained ₹2 dividend should be viewed positively by shareholders. The CFO and director changes appear to be part of a planned group-level succession and are unlikely to materially affect operations or stock price.