This is to inform you that the Board of Directors of Subhash Silk Mills Ltd. met today, August 14, 2025, at 2:00 pm IST. The Board considered and approved the following: 1. Unaudited ....
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The Board of Subhash Silk Mills Ltd met on August 14, 2025, and approved the unaudited financial results for the quarter ended June 30, 2025, along with the Limited Review Report. The Directors decided not to recommend any dividend for FY25, stating the need to reserve funds for operational activities. The Board also proposed appointing M/s. Shabbir & Rita Associates LLP as the new Statutory Auditors for five years, replacing M/s. Govind Prasad & Co., whose five-year tenure (FY 2020-21 to FY 2024-25) has concluded. Additionally, Mr. Vikramsingh Rajpurohit was recommended as a Non-Executive Independent Director for a 5-year term, and Mr. Sumeet Mehra's rotational re-appointment was approved. The 55th Annual General Meeting is scheduled for September 29, 2025, to be held via video conferencing.
The decision to skip the dividend suggests the company is prioritising cash conservation, which may be a mild negative for income-seeking shareholders but indicates prudent liquidity management. The auditor change is a routine end-of-tenure transition and should not materially affect the stock. Overall, this is a standard quarterly board outcome with no major surprises.