Re-appointment of Secretarial Auditor
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▲ 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 financial results for FY25 with a net profit of Rs. 2.35 crore, down from Rs. 4.89 crore in FY24, on revenue of Rs. 193.35 crore (vs Rs. 202.51 crore). Statutory auditor Goverdhan Agarwal & Co. issued an unmodified opinion. The company noted that 12,20,000 convertible warrants lapsed on April 12, 2025 due to non-exercise within the stipulated period, and the upfront amount of Rs. 6.17 crore paid by allottees has been forfeited. Company Secretary and Compliance Officer Mrs. Ambika Sharma resigned effective June 2, 2025 for personal reasons. The board also appointed M/s Arms & Associates as Secretarial Auditor for 5 years (FY26–FY30), re-appointed Shah Patni & Co. as Internal Auditors, and Girdhar Chaudhary & Co. as Cost Auditors for FY26.
Shareholders should note the roughly 52% drop in annual profit and the forfeiture of Rs. 6.17 crore from warrant holders who failed to convert. The Company Secretary exit is a routine personal-reason departure, and new auditors have been lined up, so governance continuity looks intact. Overall, the results and warrant lapse are mildly negative for near-term sentiment.