Change in Management - for the financial year ended 31/03/2025
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Awaiting price reaction for this filing.
The board approved audited standalone and consolidated financial results along with the auditor's report for the quarter and year ended 31st March, 2025. Statutory auditor M/s. S. Jain & Co. issued an unmodified (clean) opinion on the FY25 financials. M/s. Gupta Kamal & Company was re-appointed as Internal Auditor for FY26, and M/s. Mahesh Singh & Company was re-appointed as Cost Auditor for FY26. M/s. RSH & Company was appointed as Secretarial Auditor for a 5-year term, subject to shareholder approval. Mr. Arun Nevatia, a Chartered Accountant with 37 years of experience, was re-appointed as Independent Director for 5 years, subject to shareholder approval.
Despite the headline suggesting a management change, the filing reflects continuity — all auditors and the independent director were re-appointed, not replaced. The clean audit opinion is a positive signal for shareholders, though the company remains a small-cap with no major strategic announcement.