Servotech Renewable Power System Limited has informed the Exchange regarding Appointment of Mr Girish Kumar Ahuja as Additional Non- Executive Independent Director of the company subject to approval of Members at the ensuing General Meeting
SERVOTECH · price
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Servotech Renewable Power System Limited announced its audited financial results for Q4 and FY ended March 31, 2025, with consolidated total revenue nearly doubling to Rs 67,680 lakhs (vs Rs 35,526 lakhs in FY24) and consolidated net profit rising to Rs 3,263.70 lakhs (vs Rs 1,180.21 lakhs), reflecting strong ~2.8x year-on-year profit growth. Standalone revenue stood at Rs 58,910.94 lakhs with net profit of Rs 3,346.72 lakhs and basic EPS of Rs 1.49. The Board recommended a final dividend of 5% (Re 0.05 per share) on face value of Rs 1, subject to shareholder approval. R&D Company Secretaries was appointed as Secretarial Auditor for 5 years (FY 2025-26 to FY 2029-30), and N N Sharma & Associates was re-appointed as Cost Auditor for FY 2025-26. Mr. Girish Kumar Ahuja, a practicing Chartered Accountant specializing in direct taxes, was appointed as Additional Non-Executive Independent Director, pending shareholder approval. Statutory auditors M/s Rohit KC Jain & Co issued an unmodified opinion on the results.
Strong earnings growth with revenue and profit nearly doubling year-on-year is a positive signal for shareholders, supported by a modest dividend announcement. The new independent director brings tax expertise to the board, though the impact of the appointment itself on the stock is likely neutral.