Intimation under regulation 30 of SEBI (LODR) Regulations, 2015 regarding appointment of Directors
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Samrat Forgings reported FY25 audited results with revenue from operations declining to ₹16,294.14 lakhs from ₹19,168.24 lakhs in FY24, but profit after tax rising sharply to ₹509.89 lakhs from ₹297.41 lakhs (up ~71%), boosting EPS to ₹10.20 from ₹5.95. Q4 FY25 revenue stood at ₹4,389.33 lakhs with PAT of ₹116.04 lakhs, an improvement from ₹64.36 lakhs in Q4 FY24. Statutory auditor Rattan Kaur & Associates issued an unmodified (clean) opinion on the financials. The Board also approved two appointments effective June 1, 2025: Mr. Siddharth Joshi (CA, LLB) as Whole Time/Executive Director for 3 years, and Mr. Dhananjay Lakhanpal (Architect) as Non-Executive Independent Director for 5 years. Notably, Mr. Siddharth Joshi is the nephew of the existing Managing Director Mr. Rakesh M Kumar and son of Mrs. Ritu Joshi.
Margin expansion drove a strong PAT growth despite weaker top-line, which is positive for shareholders. However, the appointment of the MD's nephew as Executive Director may be viewed by governance-conscious investors as promoter family entrenchment, though his professional qualifications and prior consulting role with the company provide some justification. Stock price impact is likely neutral-to-mildly positive from the earnings beat, offset by governance optics.