BSESouthern Gas LtdMediumNeutral
Announced Wed, 13 Aug · 19:16 IST

APPOINTMENT OF MR. ROSHAN VARSHNEY AS COMPANY SECRETARY

Management Changes View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Southern Gas Limited's board, at its meeting on August 13, 2025, approved several items including unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Total income stood at Rs. 901.60 lakhs versus Rs. 865.30 lakhs in the same quarter last year, while net profit rose modestly to Rs. 40.33 lakhs from Rs. 39.87 lakhs. The board recommended a final dividend of Rs. 50 per share (50%) on face value of Rs. 100 for FY2024-25, pending shareholder approval at the AGM on September 26, 2025. Mr. Roshan Varshney was appointed as Company Secretary and Compliance Officer effective August 13, 2025. Additionally, M/s. Ankur Gandhi & Associates was appointed as Secretarial Auditor for a five-year term from FY2025-26 to FY2029-30, subject to shareholder approval.

Likely market impact

Q1 results show steady top-line growth and a healthy 50% dividend recommendation, which is positive for shareholders. The new KMP and secretarial auditor appointments are routine governance housekeeping with no negative implications for the stock.