Appointment of M/s Umesh Sagta & Associates, Cost Accountants (FRN:001801) as Cost Auditors for the Financial year 2025-26, subject to confirmation of their remuneration by the Shareholders of the Company
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Syrma SGS Technology's board approved audited (standalone and consolidated) FY25 results with an unmodified (clean) opinion from statutory auditor Walker Chandiok & Co LLP. Standalone revenue from operations rose to Rs. 2,277.75 crore (from Rs. 1,833.29 crore in FY24), and standalone profit after tax jumped to Rs. 79.73 crore (from Rs. 20.03 crore). Consolidated revenue grew to Rs. 3,786.69 crore with PAT of Rs. 184.45 crore. The board recommended a final dividend of Rs. 1.5 per share (15% on face value of Rs. 10) for FY25, subject to shareholder approval. It also approved raising up to Rs. 1,000 crore via a Qualified Institutional Placement (QIP) or other permitted modes, and greenlit two new wholly owned subsidiaries for electronic components, PCBs, and interface card manufacturing. The board appointed M/s Umesh Sagta & Associates as Cost Auditors for FY 2025-26, M/s Pragnya Pradhan & Associates as Secretarial Auditors for five years (FY 2025-26 to FY 2029-30), and M/s Protiviti India as Internal Auditors.
Strong FY25 earnings growth, a clean audit opinion, and a dividend announcement are positive for shareholders, while the proposed Rs. 1,000 crore QIP could lead to equity dilution. The new subsidiaries and expansion into PCBs and electronic components signal a growth push, though a December 2024 fire at the Noida plant remains a pending insurance claim.