Softtech Engineers Limited has informed the Exchange about Re-appointment of an Independent Director.
SOFTTECH · price
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Softtech Engineers' board met on May 26, 2025 and approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, along with several governance changes. Standalone revenue from operations grew about 19% YoY to ₹93.36 crore in FY25 (₹78.61 crore in FY24), while Q4 FY25 revenue rose roughly 31% YoY to ₹29.86 crore. However, standalone profit after tax fell sharply to ₹4.14 crore in FY25 from ₹6.97 crore in FY24, with diluted EPS dropping to ₹3.16 from ₹6.17, as the company made higher ECL-based provisions and a ₹77.50 lakh impairment charge on its Finland subsidiary. The board also re-appointed Mr. Sundararajan Srinivasan as Independent Director for a second 5-year term starting July 10, 2025, appointed DTSM & Associates as Secretarial Auditors for five years, and named Sharp & Tannan Associates as Internal Auditors for FY26.
Strong revenue growth signals improving demand for SoftTech's software products, but the steep drop in profits due to new provisioning and subsidiary impairment is a negative for near-term earnings, even though management says underlying EBITDA would have been in line with past trends. For shareholders, the continued board and auditor continuity is stability-positive, while the mixed results may keep the stock range-bound until the impact of higher provisions and Germany acquisition becomes clearer.