The Exchange had sought clarification from Saurashtra Cement Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. The company has not submitted declaration in case of unmodified opinion(s) The response of the Company is enclosed.
SAURASHCEM · price
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Saurashtra Cement's Board, at its May 22, 2025 meeting, approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with statutory auditors Manubhai & Shah LLP issuing an unmodified (clean) opinion. The exchange had earlier sought clarification because the company had not submitted the required declaration for the unmodified opinion; the company has now submitted this response. Consolidated FY25 revenue from operations was approximately ₹881 crore, while profit before tax dropped sharply to about ₹14 crore from ₹90 crore in FY24. The 67th AGM was scheduled for August 29, 2025 via video conferencing. The Board also appointed M/s Goyal & Co. as Cost Auditors (FY26), M/s Ragini Choksi & Co. as Secretarial Auditors (FY26–FY30), and M/s Pipalia Singhal & Associates as Internal Auditors (FY26).
The exchange clarification is a routine compliance formality now resolved and not indicative of any penalty or adverse action. However, the sharp year-on-year decline in profitability is a concern and may weigh on short-term investor sentiment, even as the clean audit opinion and stable asset base provide some comfort.