Standard Industries Limited has informed the Exchange regarding Re- appointment of Shri Dhansukh H. Parekh as Executive Director of the company w.e.f. August 02, 2025.
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Standard Industries Limited's board, at its May 20, 2025 meeting, approved several items. Shri D.H. Parekh (DIN 00015734), a Chartered Accountant with the company since 1976 and Executive Director since 2011, has been re-appointed as Executive Director for two years effective August 2, 2025 to August 1, 2027, subject to shareholder approval. The board also approved the FY25 audited results (standalone net loss of Rs. 1,380.44 lakhs on revenue of Rs. 2,234.98 lakhs; consolidated net loss of Rs. 1,350.97 lakhs), reconstituted the Audit Committee by adding Shri Tashwinder Singh as member, 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–FY30). Statutory auditor R.S. Gokani & Co. issued an unmodified opinion but flagged the Rs. 5,969.82 lakhs investment in wholly owned subsidiary Standard Salt Works Limited. The 128th AGM is scheduled for July 29, 2025 via video conference.
Continuity in leadership with the re-appointment of a long-tenured Executive Director provides stability, but the FY25 net loss (worse than the prior year's Rs. 203.64 lakh loss on a standalone basis) and the heavy exposure to a loss-making subsidiary may concern shareholders. Approval of all resolutions depends on shareholder vote at the upcoming AGM.