Appointment of Secretarial Auditor of the Company.
SAPPL · price
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Awaiting price reaction for this filing.
The board, at its May 29, 2025 meeting, approved audited standalone and consolidated financial results for FY25 along with Q4 FY25 results. Revenue from operations jumped nearly 72% to ₹50,550.90 lakh (vs ₹29,450.83 lakh in FY24), while consolidated profit after tax grew to ₹995.50 lakh (vs ₹824.95 lakh). The board also appointed M/s. Shilpi Thapar and Associates, a peer-reviewed firm of practicing company secretaries, as Secretarial Auditor for five years from FY 2025-26 to FY 2029-30, subject to shareholder approval. The auditor's report on the financial results is unmodified. The company completed its Phase II capacity expansion at Unit II, including some first-of-its-kind equipment in India, aimed at boosting capacity and global competitiveness. The company collected the final call money (₹32 per share, including ₹4 capital and ₹28 securities premium) on 35,38,517 partly paid-up shares, raising ₹11.32 crore, while 32,616 partly paid shares have been submitted for forfeiture over non-payment.
Strong revenue growth and capacity expansion signal improving scale, though the lower EPS in FY25 (₹11.95 consolidated vs ₹14.83) reflects equity dilution from the share call. The five-year secretarial auditor appointment is a routine governance compliance step and unlikely to move the stock.