Appointment of Secretarial and Internal Auditors of the Company
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The board, meeting on May 19, 2025, approved audited financial results for Q4 and FY ended March 31, 2025. Statutory auditors Chaudhary Shah & Associates LLP issued an unmodified (clean) opinion on both standalone and consolidated results. For FY25, standalone total income was ₹11,232.60 lakhs and profit after tax was ₹1,261.31 lakhs (EPS of ₹10.01), down from ₹2,115.15 lakhs in FY24. The company also appointed M/s. Prachi Bansal & Associates as Secretarial Auditor for FY25 and for a 5-year term (FY26-FY30, subject to shareholder approval), and re-appointed M/s. S N D K & Associates LLP as Internal Auditor for FY26. Consolidated results include its wholly-owned subsidiary SGRL USA INC.
Routine auditor appointments with no resignations or governance flags; the clean audit opinion supports credibility. However, shareholders should note the significant decline in profits YoY (PAT fell from ₹21.15 cr to ₹12.61 cr on a standalone basis), which may weigh on sentiment despite the smooth governance disclosures.