Heubach Colorants India Limited has informed the Exchange regarding Appointment of Mr Adwait Joshi as Company Secretary of the company w.e.f. August 01, 2025.
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The board approved audited financial results for FY25, with total income of Rs 84,383 lakhs (up 5.6% YoY) and net profit of Rs 5,145 lakhs (up 25% YoY), translating to EPS of Rs 22.29. Statutory auditors MSKA & Associates issued a qualified opinion, flagging an unauthorized transfer of company assets (furniture, fixtures, etc., valued at Rs 25.81 crore) to related party Clanant India Private Limited without board approval — the matter is under review. The board also recorded the resignation of Company Secretary Ashwini Natekar (effective July 16, 2025) and appointed Adwait Joshi as the new Company Secretary effective August 1, 2025. Chairman and Non-Executive Director Ravi Kapoor resigned on July 16, 2025, with Rajesh Rathi taking over as the new Chairman. M/s. MSKA & Associates was reappointed as Statutory Auditor for five years (FY26–FY30). An exceptional item of Rs 882 lakhs was booked, linked to a January 2025 warehouse fire at the Roha plant that caused an estimated Rs 10.32 crore loss, partly covered by an interim insurance payout of Rs 1.5 crore.
Shareholders get a mixed picture — strong profit growth and a healthy cash position (Rs 17,708 lakhs) are positives, but the qualified audit opinion on a related-party asset transfer raises governance red flags. Top-level leadership churn (Chairman exit, CS change) and the still-pending resolution of the asset-transfer issue may keep the stock volatile in the near term.