Shriram Pistons & Rings Limited has informed the Exchange regarding Appointment of Ms Chandra Wadhwa & Co. as Other of the company w.e.f. May 07, 2025.
SHRIPISTON · price
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Awaiting price reaction for this filing.
Shriram Pistons & Rings reported strong FY25 results with standalone revenue from operations rising to Rs. 3,17,951 lacs (up from Rs. 2,95,372 lacs in FY24) and standalone profit after tax of Rs. 49,780 lacs (up about 11% from Rs. 44,678 lacs). Consolidated profit after tax came in at Rs. 51,556 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 (including Rs. 5 interim already paid). Independent Director Mr. Shinichi Unno resigned effective May 7, 2025, and Mr. Akihiro Ozaki was appointed as a new Non-Executive Independent Director. M/s Chandra Wadhwa & Co. was appointed as Cost Auditor for FY26, and M/s APAC & Associates LLP as Secretarial Auditor for 5 years.
Positive: healthy double-digit profit growth, steady dividend payout, and clean audit opinion signal operational strength for shareholders. Director and auditor changes are routine governance updates with no red flags.