Mr. Senthil Nathan Seetharama Gurukkal has been appointed as the Chief Financial Officer of the Company with effect from Friday, May 16, 2025.
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The Board approved audited financial results for FY25 with revenue from operations rising modestly to ₹20,841.38 lakhs from ₹20,069.97 lakhs in FY24. Net profit grew about 15.6% year-on-year to ₹3,598.22 lakhs, lifting EPS to ₹3.95 from ₹3.42. The Board recommended a ₹2 per share dividend (20% on face value) with July 15, 2025 as record date. Mr. B. Santhanam resigned as Non-Executive Director due to superannuation from the Saint-Gobain Group, and Mr. Sreedhar Natarajan (Group CFO of Saint-Gobain and newly appointed CEO of Asia-Pacific/Saint-Gobain India) was inducted as Additional Director. Mr. Senthil Nathan Seetharama Gurukkal was appointed as the new CFO following the resignation of Mr. Jeyendran Jayaseelan, and V N Deodhar & Co was appointed as Secretarial Auditor for five years. Statutory auditors Deloitte Haskins & Sells LLP issued an unmodified opinion.
The leadership reshuffle is routine and tied to group-level succession, including the outgoing director's superannuation and the appointment of the new Group Asia-Pacific CEO to the board. Steady earnings growth along with a consistent dividend should be viewed as neutral-to-positive for shareholders, with no major governance red flags.