Shakti Pumps (India) Limited has informed the Exchange regarding Outcome of Board Meeting held on May 09, 2025.
SHAKTIPUMP · price
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The Board of Directors approved the audited standalone and consolidated financial results for Q4 and the full financial year ended March 31, 2025. Statutory auditor Price Waterhouse Chartered Accountants LLP issued an unmodified (clean) opinion on both sets of results. The Board also recommended a final dividend of Rs. 1 per equity share (10% on face value of Rs. 10), subject to shareholder approval at the upcoming AGM. Additionally, M/s M. Maheshwari & Associates was appointed as the new Secretarial Auditor for a five-year term. The Board noted that the FY24 financials were previously audited by a different firm, indicating a change in statutory auditor to Price Waterhouse for FY25.
A clean audit opinion and dividend declaration suggest management's confidence in profitability and financial health. The change in statutory auditor to a Big Four firm (Price Waterhouse) may be viewed positively by investors for governance, while the modest 10% dividend yield is a neutral-to-mildly-positive signal for income-seeking shareholders.