TD Power Systems Limited has informed the Exchange regarding Re-appointment of Rao, Murthy & Associates as Cost Auditors of the company w.e.f. April 01, 2025.
TDPOWERSYS · price
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Awaiting price reaction for this filing.
TD Power Systems reported strong FY25 results with standalone revenue rising to Rs. 1,27,876 lakhs (up ~28% from Rs. 1,00,052 lakhs in FY24) and standalone profit after tax climbing to Rs. 17,458 lakhs (up ~48% from Rs. 11,835 lakhs). Consolidated revenue grew to Rs. 1,26,540 lakhs with consolidated PAT at Rs. 15,371 lakhs (up ~24%). The board recommended a final dividend of Rs. 0.65 per share (face value Rs. 2). It also re-appointed Rao, Murthy & Associates as cost auditors for FY26, appointed a new Secretarial Auditor for five years, re-appointed Nikhil Kumar as Managing Director for another five-year term starting January 2026, and appointed a new Head of Supply Chain effective July 1, 2025. The statutory auditor issued an unqualified opinion but flagged an emphasis of matter regarding going-concern uncertainty at one Indian subsidiary, which the auditor noted is not material to the group.
The strong revenue and profit growth, along with the dividend declaration, is positive for shareholders and likely supportive of the stock. However, investors should note the auditor's flag on a subsidiary's going concern and the management transition as items to watch.