Appointment of Secretarial Auditor of the Company
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Awaiting price reaction for this filing.
Swastika Investmart's board approved the reappointment of M/s. L.N. Joshi & Company as Secretarial Auditor for a fresh 5-year term (FY2025-26 to FY2029-30) after their previous tenure ended on March 31, 2025. The board also approved audited FY25 results showing strong growth — standalone total income rose to Rs. 13,530.34 lakhs from Rs. 11,146.43 lakhs, and standalone profit after tax jumped to Rs. 2,212.91 lakhs from Rs. 1,211.45 lakhs (up about 83%). A final dividend of Rs. 0.60 per share (30% on face value of Rs. 2) was recommended. The board also approved a new ESOP plan (Swastika ESOP 2025) covering up to 3,10,000 stock options for eligible employees. The 33rd AGM is scheduled for June 27, 2025 via video conferencing.
Positive for shareholders — strong FY25 earnings growth, a healthy 30% dividend, and the introduction of an ESOP plan signals management confidence. The secretarial auditor reappointment is routine and required by law, so it carries no negative governance signal.