Intimation for Appointment of M/s. Sanjeev Shah & Associates, Practising Company Secretaries, as Secretarial Auditors for a period of 5 years from the financial year 2025-26 to financial ....
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Shreeji Translogistics' board, at its May 30, 2025 meeting, approved the appointment of M/s. Sanjeev Shah & Associates, Practising Company Secretaries, as Secretarial Auditors for a 5-year term covering FY 2025-26 to FY 2029-30, subject to shareholder approval at the upcoming AGM. The board also approved audited standalone and consolidated financial results for Q4 FY25 and the full year ended March 31, 2025, with the auditor issuing an unmodified opinion. Consolidated revenue for FY25 stood at Rs. 23,103.99 lakhs versus Rs. 25,378.63 lakhs in FY24, while profit after tax fell sharply to Rs. 198.99 lakhs from Rs. 1,637.23 lakhs. Q4 FY25 PAT came in at Rs. 76.70 lakhs versus Rs. 231.75 lakhs in Q4 FY24, and FY25 EPS dropped to Rs. 0.30 from Rs. 2.34.
Routine appointment of secretarial auditors is a governance compliance step with no material impact on shareholders. However, the sharp decline in FY25 profitability—net profit down nearly 88% YoY despite only a ~9% revenue dip—points to significant margin pressure and is a concern for shareholders. The stock may react negatively given the weak earnings print.