Disclosure under Regulation 30 and other applicable provisions of the SEBI (LODR) Regulations, 2015
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The board approved audited financial results for FY25 and unaudited results for Q4 FY25, both carrying an unmodified (clean) opinion from statutory auditor Walker Chandiok & Co LLP. Full-year revenue from operations rose about 9% to around Rs.200 crore (from Rs.184 crore), while net profit grew about 11% to Rs.33.6 crore. The board recommended a higher dividend of Rs.35 per share (350%) versus Rs.25 (250%) paid for FY24. It also appointed M/s. Dhananjay V Joshi & Associates as Cost Auditor for FY26 and M/s. Naithani and Shetty Associates as Secretarial Auditor for FY26-FY30. The cost of the Dharwad plant capacity expansion was raised to about Rs.85 crore (from an earlier lower plan), to be funded equally through internal accruals and bank borrowings, with completion expected in H2 of FY27.
Shareholders get a higher dividend payout and clear visibility on a debt-funded growth project, while a clean audit opinion and steady profit growth are positive signals. The higher project cost and bank funding component could lift borrowings and capex in the near term, but the expansion supports future revenue growth.