Announcement under Regulation 30 of SEBI (LODR) - Appointment of Internal Auditor
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TGIF Agribus/Veness reported its audited financial results for FY25 (year ended March 31, 2025) with revenue from operations rising to Rs 334.37 lakh from Rs 153.48 lakh in FY24, and profit after tax jumping to Rs 173.82 lakh from Rs 67.26 lakh, taking EPS to Rs 6.72. The Board redesignated Mr. Indrajeet Mitra as Non-Executive Non-Independent Director and Chairperson, replacing Mr. Niraj Gemawat as Chairman (Gemawat continues as Director). The Board also approved the appointment of Ms. Zalak Chokshi as Internal Auditor for FY26 and M/s Shalini Pandey & Associates as Secretarial Auditor for five years (FY26–FY30), subject to shareholder approval. The statutory auditor issued an unmodified opinion, and there was no deviation reported in the use of Rs 639.47 lakh raised through the May 2024 IPO.
Strong earnings growth and clean audit opinion are positives for retail shareholders, but leadership is being restructured at the Chairman level. These are routine governance actions, not panic signals, though investors should watch for shareholder approval of the Secretarial Auditor appointment at the next AGM.