Announcement under Regulation 30 (LODR)- Appointment of Cost Auditor
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sonal Adhesives announced unaudited results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations grew 13.7% YoY to Rs. 2,828.75 lakh from Rs. 2,488.13 lakh, but net profit fell about 30% YoY to Rs. 44.75 lakh from Rs. 64.21 lakh. The decline was driven by sharply higher finance costs (Rs. 24.82 lakh vs Rs. 9.98 lakh) and depreciation (Rs. 31.40 lakh vs Rs. 17.46 lakh). The board approved the appointment of M/s S K Agarwal & Associates as Cost Auditor for FY 2025-26. Existing statutory auditor M/s M C Asawa & Co will retire at the September 25 AGM and be replaced by M/s Haziyani & Associates for a five-year term (FY26–FY30). Mr. Vipul Desai was inducted as an additional Independent Director, while Mr. Nitin Rane will step down on completing his tenure. Audit, Nomination, and Stakeholders Relationship committees were reconstituted.
Mixed near-term signals: top-line growth is healthy, but bottom-line shrank meaningfully as interest and depreciation costs surged — investors should watch margins closely. The auditor rotation and director changes are routine governance matters and unlikely to move the stock on their own.