For following purposes: 1. Audited Standalone Financial Results for the quarter and year ended on 31st March, 2025. 2. Re-appointment of M/s. M.B. Rama Bhat & Associates, Chartered Accountants, ....
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Southern Gas Limited's Board, meeting on 26 May 2025, approved its audited standalone financial results for Q4 and the full year ended 31 March 2025. The statutory auditors, M.R. Hegde & Associates, issued an unmodified (clean) opinion on the financials. The Board also re-appointed M.B. Rama Bhat & Associates and SBRV AND CO as Internal Auditors for the Karnataka and Kerala units, respectively. Mr. Shashidha Dattanand Haridas will retire as Chief Financial Officer effective 06 June 2025, and Mr. Nagwel Shekhar Madhukar has been appointed as the new Chief Financial Officer effective 07 June 2025. Company Secretary & Compliance Officer Nirzara Kesarwani resigned effective 31 May 2025 to pursue opportunities outside the company.
The CFO exit and Company Secretary resignation in quick succession may raise short-term governance concerns for investors, though a replacement CFO is already lined up. The clean audit opinion and approved FY25 results are a routine positive confirmation.