Ms. Aziza Khatri expressed her unwillingness to appoint her for the second term w.e.f. 29th June, 2025. The Board has taken the same on records. The Board has appointed Ms. Abhirami ....
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Awaiting price reaction for this filing.
Stanrose Mafatlal Investments & Finance Ltd held its Board meeting on May 21, 2025 and approved audited standalone and consolidated financial results for Q4 and FY ending March 31, 2025. Statutory auditors M/s. Manubhai & Shah LLP issued an unmodified opinion. The Board skipped dividend for FY25, citing losses and the need to conserve funds. Standalone loss before tax narrowed sharply to Rs. 223.94 lakhs in FY25 from Rs. 754.80 lakhs in FY24, though net loss after exceptional items was Rs. 1,054.64 lakhs. Ms. Aziza Khatri declined reappointment as Independent Director for a second term citing personal commitments, and Ms. Abhirami M. Patel (54, entrepreneur) was appointed as Independent Director for five years subject to shareholder approval. The Board also entered a new business line — manufacture and supply of garments and accessories — alongside its NBFC/investment activities.
No dividend means no income for shareholders this year, but losses are narrowing and the company is diversifying revenue beyond its core investment business. The director change appears routine — a voluntary exit by an independent director and a like-for-like replacement — and is unlikely to affect stock price materially.