Re-appointment of Internal Auditor for the financial year 2025-26 and recommendation of appointment of Secretarial Auditor for five consecutive financial years, subject to the approval ....
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The board approved audited standalone and consolidated financial results for FY ended March 31, 2025. Standalone total income rose to Rs. 10,541.96 lakhs from Rs. 9,637.66 lakhs last year, but profit after tax declined to Rs. 658.64 lakhs from Rs. 771.74 lakhs. Consolidated PAT stood at Rs. 727.97 lakhs versus Rs. 765.25 lakhs. The statutory auditor issued an unmodified opinion. A dividend of Re. 1 per share (same as last year) was recommended subject to shareholder approval. The board re-appointed M/s ALP & Associates as Internal Auditor for FY 2025-26 and recommended M/s Labh & Labh Associates as Secretarial Auditor for five years. Promoter and Chairman Mr. Vijay Maheshwari will continue as a Non-Executive Director after turning 75 in January 2026, subject to shareholder approval.
Flat to slightly weaker earnings with the dividend held steady at Re. 1 per share offer some income support but lower profits may weigh on sentiment. The continuation of the promoter chairman and re-appointments of auditors signal stable governance, though shareholders will need to approve the Secretarial Auditor and Mr. Maheshwari's continuation at the AGM on August 26, 2025.