Appointment of M/s. MKB & Associates, Practicing Company Secretaries as the Secretarial Auditor of the Company for a term of Five Years commencing from April 1, 2025, subject to Shareholders approval.
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Awaiting price reaction for this filing.
Trishakti Industries' board met on April 28, 2025, and approved multiple items. Key outcome: M/s. MKB & Associates has been appointed as Secretarial Auditor for five years starting April 1, 2025, pending shareholder approval. The board also approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with the statutory auditor (G. Basu & Co.) issuing an unmodified opinion. Standalone FY25 revenue from operations fell sharply to Rs 1,499.46 lakhs (vs Rs 10,654.21 lakhs in FY24), but profit after tax jumped to Rs 354.77 lakhs (vs Rs 50.55 lakhs), lifting EPS to Rs 2.34 (from Rs 0.34). Additionally, M/s. Sinharay & Co. was re-appointed as Internal Auditor for FY26, and an updated Related Party Transaction Policy was approved.
The appointment of a new Secretarial Auditor and re-appointment of the Internal Auditor are routine governance steps and unlikely to move the stock. The sharp drop in top-line revenue is a concern, but the strong improvement in net profit and EPS may attract attention — shareholders should watch whether the FY24 spike in revenue was a one-off trading event.