Styrenix Performance Materials Limited has informed the Exchange regarding Change in Auditors of the company.
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The Board of Styrenix Performance Materials met on May 24, 2025 and approved the audited standalone and consolidated financial results for Q4 and the full year ended March 31, 2025, with an unmodified opinion from statutory auditors Talati & Talati LLP. Revenue from operations for the year came in at Rs 2,755.16 crore versus Rs 2,231.43 crore last year, and profit after tax rose to Rs 131.77 crore from Rs 173.24 crore (the dip is largely due to a higher tax expense this year). The Board also approved the appointment of M/s. Samdani, Shah & Kabra as Secretarial Auditor for five years (FY26–FY30), M/s. Sharp & Tannan Associates as Internal Auditor for FY26, and M/s. Kailash Sankhlecha & Associates as Cost Auditor for FY26. All these appointments are subject to shareholder approval at the upcoming AGM. The consolidated results include the newly acquired Thailand subsidiary (Styrenix Polymers Thailand) since January 2025, so prior-year numbers are not directly comparable.
A clean audit report and steady revenue growth are positive signals, but the drop in net profit versus last year may draw investor attention. The auditor changes are routine, governance-related items and not expected to materially affect the stock in the short term.