Appointment of Secretarial Auditor of the Company
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Swastika Investmart's board approved audited financial results for FY25. Standalone total income grew about 21% to Rs. 13,530.34 lakhs and profit after tax nearly doubled to Rs. 2,212.91 lakhs (EPS Rs. 14.81 vs Rs. 8.19 prior year). Consolidated PAT stood at Rs. 1,989.19 lakhs. The board recommended a final dividend of Rs. 0.60 per share (30% on Rs. 2 face value), subject to shareholder approval. It also approved a new ESOP plan (Swastika ESOP 2025) covering up to 3,10,000 stock options for eligible employees, pending shareholder and regulatory nods. Additionally, M/s. L.N. Joshi & Company was reappointed as Secretarial Auditor for five years (FY26–FY30) after the previous tenure ended on March 31, 2025. The 33rd AGM is scheduled for June 27, 2025.
Strong profit growth and a maiden/enhanced dividend are positive signals for shareholders, though the ESOP plan may cause some dilution. Reappointment of the existing secretarial auditor is routine and signals continuity in compliance oversight.