Shriram Pistons & Rings Limited has informed the Exchange regarding Change in Auditors of the company.
SHRIPISTON · price
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The board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with a clean (unmodified) audit opinion from Walker Chandiok & Co LLP. Standalone revenue from operations rose to Rs. 3,17,951 lacs (from Rs. 2,95,372 lacs in FY24), while standalone profit after tax grew to Rs. 49,780 lacs (from Rs. 44,678 lacs). Consolidated PAT stood at Rs. 51,556 lacs versus Rs. 43,866 lacs, with EPS of Rs. 115.02. The board recommended a final dividend of Rs. 5 per share, taking total FY25 dividend to Rs. 10 per share. Independent Director Mr. Shinichi Unno resigned, and Mr. Akihiro Ozaki was appointed as a new Independent Director. New Secretarial Auditor (APAC & Associates LLP) for 5 years and Cost Auditor (Chandra Wadhwa & Co) for FY26 were appointed. The 61st AGM is scheduled for August 1, 2025, with July 25, 2025 as the record date for dividend eligibility.
Solid financial performance with revenue and profit growth, supported by a clean audit, is a positive signal for shareholders. A Rs. 10 total dividend offers a reasonable yield, and the record date is July 25, 2025. Director changes appear routine and the statutory auditor remains unchanged, so governance concerns are minimal.