Appointment of Secretarial Auditor
TIGERLOGS · price
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Awaiting price reaction for this filing.
Tiger Logistics' board approved audited results for Q4 and FY ended March 31, 2025, with revenue from operations surging to ₹53,630.5 lakhs (vs ₹24,025.9 lakhs in FY24), more than doubling year-on-year. Profit after tax also more than doubled to ₹2,700.8 lakhs (vs ₹1,296.4 lakhs), pushing EPS to ₹2.56 from ₹1.23. The statutory auditor M/s Garg Agrawal & Agrawal issued an unmodified (clean) opinion on the results. The board also appointed M/s AMJ & Associates as secretarial auditors for five years (FY 2025-26 to FY 2029-30), subject to shareholder approval, and approved a postal ballot to induct a new independent director and raise the remuneration of a promoter-group executive. A red flag: operating cash flow remained negative at -₹1,886.3 lakhs (worse than -₹1,719.8 lakhs in FY24), as working capital absorbed large amounts of cash despite strong profits.
Exceptional top-line and earnings growth signals strong business momentum, likely positive for the stock. However, the continued negative operating cash flow and sharp rise in short-term borrowings (from ₹1,082.7 lakhs to ₹3,354.4 lakhs) indicate the company is funding growth largely through working capital stretch and debt, which shareholders should monitor closely.