Announcement under Regulation 30 (LODR) - Appointment of Secretarial Auditor - CS Prashant Diwan
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Awaiting price reaction for this filing.
Sonal Adhesives' board met on August 12, 2025 and approved unaudited Q1 FY26 (June 30, 2025) results. Revenue from operations rose to Rs. 2,828.75 lakh from Rs. 2,488.13 lakh a year ago (~13.7% growth), but net profit fell sharply to Rs. 44.75 lakh from Rs. 64.21 lakh (~30% decline) as finance costs jumped to Rs. 24.82 lakh (from Rs. 9.98 lakh) and other expenses rose to Rs. 270.40 lakh (from Rs. 151.75 lakh). The board appointed Mr. Vipul Desai as a new Independent Director to replace Mr. Nitin Rane, who retires on September 25, 2025 after completing his tenure. Statutory auditor M/s M C Asawa & Co. will retire at the 34th AGM and be replaced by M/s Haziyani & Associates for a five-year term (FY26-FY30). CS Prashant Diwan was named Secretarial Auditor and M/s S K Agarwal & Associates as Cost Auditor for FY26. The 34th AGM is scheduled for September 25, 2025 via video conference.
Mixed for shareholders — top-line growth is positive but a steep fall in profitability driven by much higher finance and other expenses may pressure the stock. The auditor and director changes are routine tenure-based transitions and unlikely to move the needle, though investors should watch whether margin compression persists in coming quarters.