Outcome of Board Meeting held on May 24, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board approved audited financial results for Q4 and FY ended March 31, 2025, with statutory auditors Kantilal Patel & Co. issuing an unmodified opinion. Revenue from operations for FY25 stood at ₹7,493.55 lakh, up about 10% from ₹6,803.76 lakh in FY24, while net profit declined to ₹472.48 lakh from ₹520.06 lakh. EPS for FY25 was ₹9.45 versus ₹10.40 in the previous year. The board recommended a final dividend of ₹1.50 per equity share (15%) on a face value of ₹10, subject to shareholder approval. It also appointed CS Jitendra Pravinbhai Leeya as Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-30.
Modest positive for shareholders due to the dividend declaration, though the year-on-year profit dip of around 9% may temper sentiment. The clean audit opinion and stable auditor appointments signal no governance red flags.