Appointment of Secretarial auditor and Reappointment of Internal and Cost auditor
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The Board of Directors approved the appointment of M/s BLAK & Co. as Secretarial Auditor for a five-year term (FY 2025-26 to FY 2029-30), subject to shareholder approval. M/s GAMS & Associates LLP was reappointed as Internal Auditor and M/s Vijender Sharma & Co. as Cost Auditor for FY 2025-26. The company also reported audited financial results for FY25, with revenue from operations rising to ₹16,870.84 lakhs from ₹14,435.22 lakhs in FY24, a growth of about 17%. Net profit nearly tripled to ₹112.74 lakhs (from ₹38.04 lakhs), with EPS at ₹0.83 versus ₹0.28. Two Independent Directors, Mr. Prakash Narayan Singh and Mr. Lal Chand Sharma, ceased as Directors after completing their second term, and two new Independent Directors, Mr. Ashish Sharma and Mr. Harish Kumar, were appointed. The statutory auditors issued an unmodified opinion on the results.
The strong FY25 results (nearly 3x profit growth) and clean auditor opinion are positive signals for shareholders. The voluntary delisting from the Calcutta Stock Exchange and classification of a vacant plot as 'asset held for sale' are minor housekeeping items and unlikely to materially affect the stock.