Standard Industries Limited has informed the Exchange regarding 'Re-appointment of M/s Bhatia & Poojari, Chartered Accountants as Internal Auditor and Appointment of M/s S.K. Dwivedi, Company Secretaries, as Secretarial Auditor of the Company'.
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Standard Industries Limited's Board, at its May 20, 2025 meeting, approved audited financial results for Q4 and FY ended March 31, 2025, with statutory auditors M/s R.S. Gokani & Co. issuing an unqualified opinion. The company reported a standalone net loss of Rs 1,380.44 lakhs for FY25 (widened from Rs 203.64 lakhs loss in FY24), with revenue from operations of Rs 2,234.98 lakhs. Q4 FY25 standalone revenue stood at Rs 803.39 lakhs with a net loss of Rs 419.03 lakhs. The Board re-appointed Shri D.H. Parekh as Executive Director for two years (Aug 2025 to Aug 2027), re-appointed M/s Bhatia & Poojari as Internal Auditor for FY26, and appointed M/s S.K. Dwivedi & Associates as Secretarial Auditor for five years (FY26 to FY30). The Audit Committee was reconstituted with the addition of independent director Shri Tashwinder Singh.
Shareholders should note the significant year-on-year widening of losses, driven largely by the property division swinging from a Rs 702.59 lakh profit to a Rs 168.17 lakh loss. The re-appointment of the existing Executive Director and continuity of auditors suggest operational stability, but the deepening losses and a Rs 5,969.82 lakh exposure to subsidiary Standard Salt Works Limited remain key concerns for investors.