Re-appointment of Cost Auditor
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board approved audited FY25 results showing revenue of ₹193.89 crore (down from ₹203.21 crore in FY24) and net profit falling sharply to ₹2.35 crore from ₹4.89 crore, a roughly 52% drop. Q4 FY25 saw a turnaround with profit of ₹2.41 crore versus a loss of ₹2.06 crore in Q4 FY24. EPS for the year stood at ₹1.89 compared to ₹4.07 the previous year. Notably, 12.20 lakh convertible warrants lapsed on April 12, 2025, including all 10 lakh promoter warrants and 2.20 lakh non-promoter warrants, with ₹6.17 crore in upfront payments forfeited by the company. Company Secretary Ambika Sharma resigned effective June 2, 2025, citing personal reasons. The board also re-appointed Girdhar Chaudhary & Co as cost auditor and Shah Patni & Co as internal auditor for one year, and appointed Arms & Associates as secretarial auditor for a five-year term. The statutory auditor issued an unmodified opinion on the financial results.
Sharp FY25 profit decline and the forfeiture of promoter warrants (signalling weak promoter confidence) are negative signals for shareholders, though the Q4 recovery and removal of the warrant dilution overhang offer some relief. The CS exit is a routine KMP change with no immediate material impact on the stock.