The Board of Directors in its meeting held today i.e. on May 23, 2025 has recommended the appointment of M/s P S Rao & Associates, Company Secretaries as the Secretarial Auditors of the ....
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Telogica Ltd's board, meeting on May 23, 2025, approved audited standalone financial results for Q4 and FY ending March 31, 2025. Revenue from operations rose to Rs. 19.28 crore (from Rs. 17.86 crore), while net profit doubled to Rs. 1.70 crore (from Rs. 0.84 crore). EPS improved to Rs. 0.65 (basic) from Rs. 0.44. The board also recommended appointing M/s P S Rao & Associates as Secretarial Auditors for 5 years (FY 2025-26 to FY 2029-30), subject to shareholder approval. Additionally, 21.19 lakh convertible warrants were converted into 21.79 lakh equity shares at Rs. 8 each. Statutory auditor P Murali & Co issued an unmodified opinion but flagged that the company is irregular in paying statutory dues (PF, ESI, TDS, GST, PT), with total outstanding of Rs. 1.45 crore as of March 31, 2025.
Strong profit growth and revenue uptick are positives for shareholders, though persistent delays in statutory payments (Rs. 1.45 crore overdue) and warrant-driven equity dilution are minor concerns. Routine secretarial auditor appointment is a governance formality and unlikely to move the stock.