The Board of directors approved the appointment of Cost Auditor for the F.Y. 2025-26
Awaiting price reaction for this filing.
The Board of Sir Shadi Lal Enterprises Ltd approved the appointment of Mr. Rishi Mohan Bansal as Cost Auditor for FY 2025-26 and Mr. Rahul Saini as Secretarial Auditor for five years (FY 2025-26 to 2029-30), both subject to shareholder approval. The Board also took on record the audited financial results for Q4 and FY ended March 31, 2025, with statutory auditor Basant Ram & Sons issuing an unmodified opinion. For FY25, the company reported a net loss of Rs. 4,460.01 lakhs, wider than the Rs. 918.67 lakh loss in FY24, while Q4 FY25 swung back to a profit of Rs. 1,197.12 lakhs. Revenue from operations fell sharply to Rs. 26,834 lakhs from Rs. 46,215 lakhs, and other equity remains deeply negative at Rs. (21,486) lakhs. The company, now a subsidiary of Triveni Engineering & Industries Ltd (TEIL), did not operate its distillery in sugar season 2024-25 and a scheme of amalgamation into TEIL is pending stock exchange approval.
Shareholders should note the wider FY25 loss, declining revenues, and deeply negative net worth, though continued financial and technical support from parent TEIL underpins the going concern assumption. The pending amalgamation into TEIL is a key event to track, as it could materially reshape the equity story.