UFLEX Limited has informed the Exchange regarding Appointment of Mr Sujit Kumar Varma as Non- Executive Independent Director of the company w.e.f. February 14, 2026.
UFLEX · price
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UFLEX reported audited FY25 results with consolidated revenue from operations rising to about Rs. 15,036 crore from Rs. 13,364 crore last year, and swung back to a consolidated net profit of Rs. 142 crore versus a loss of Rs. 691 crore in FY24, helped by lower exceptional forex losses. Standalone net profit grew to about Rs. 214 crore (EPS Rs. 29.70) from Rs. 161 crore (EPS Rs. 22.29). The board recommended a dividend of Rs. 3 per share (30%) for FY25, with the AGM set for August 28, 2025. Three independent directors — Mr. Sujit Kumar Varma, former SEBI Chairman Mr. Ghyanendra Nath Bajpai, and retired IAS officer Mrs. Rashmi Verma — were recommended for re-appointment for a second five-year term starting February–May 2026. The company also flagged a pending income tax demand of about Rs. 289 crore for AY 2020-21 and 2021-22 arising from a 2023 search, which it is contesting.
The return to consolidated profitability and 30% dividend are positive signals for shareholders, though the large pending tax demand remains an overhang. The re-appointment of three experienced independent directors, including a former SEBI chairman, supports board continuity and governance stability.