ENCLOSED HEREWITH BOARD MEETING OUTCOME DATED 28/05/2025
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The Board of Sanmit Infra Ltd met on 28 May 2025 and approved the audited financial results for the quarter and year ended 31 March 2025, along with the auditor's report. The Board also appointed M/s Ramesh Chandra Mishra & Associates as Secretarial Auditor for a 5-year term (FY26 to FY30), Mr. Manas Dash as Internal Auditor for FY26, and Mr. Chandramani Sahoo as Cost Auditor for FY26. The statutory auditor, PAMS & Associates (Firm Reg. 316079E), issued an unqualified opinion stating the financial statements give a true and fair view, with no qualifications, no going concern issues, and no fraud reported. The Board did not propose any final dividend for FY25. Minor reconciliation differences between quarterly stock statements and books were noted for debtors and inventory but were reconciled by management.
A clean audit opinion and continuity of the existing statutory auditor are positive governance signals for shareholders, with no red flags on solvency or internal controls. The absence of a proposed dividend may disappoint income-focused investors, but routine auditor appointments reflect normal compliance rather than material change.