Sunteck Realty Limited has informed the Exchange regarding Change in Auditors of the company.
SUNTECK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.1 pts more than Nifty Microcap 250 and 1.6 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Sunteck Realty's board, meeting on May 2, 2025, approved audited FY25 consolidated results showing strong growth — total income rose to Rs. 902.68 crore (up ~46%) and net profit more than doubled to Rs. 150.32 crore vs Rs. 70.03 crore in FY24, with basic EPS of Rs. 10.26 (vs Rs. 4.99). The board recommended a final dividend of Rs. 1.50 per share (150% on face value of Re. 1), subject to shareholder approval. It also approved an enabling resolution to raise up to Rs. 2,250 crore (Rs. 1,500 crore via non-convertible debt and Rs. 750 crore via equity-linked instruments) through QIP, FPO, rights issue, or other modes. Walker Chandiok & Co LLP (Grant Thornton) was re-appointed as Statutory Auditor for a second five-year term, and Mr. Veeraraghavan N. was appointed as Secretarial Auditor for FY26–FY30. Separately, Chairman & MD Kamal Khetan stepped down from the Audit Committee, which has now been reconstituted to comprise only Independent Directors (100% independent).
Strong FY25 earnings with profit more than doubling and a healthy dividend will likely be viewed positively by investors, while the Rs. 2,250 crore enabling fund-raising resolution signals flexibility for future growth or debt refinancing — the actual issuance size and timing will depend on future board/shareholder decisions. The re-appointment of the same auditors (no audit change) and a fully independent Audit Committee should be seen as governance-neutral to mildly positive.