Resignation of Company Secretary
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 financial results for FY25 with an unmodified auditor opinion. Revenue from operations was Rs. 193.35 crore vs Rs. 202.51 crore in FY24, while net profit dropped sharply to Rs. 2.35 crore from Rs. 4.89 crore. EPS fell to Rs. 1.89 from Rs. 4.07. Separately, 12,20,000 convertible warrants lapsed on April 12, 2025 due to non-exercise, and the company forfeited the 25% upfront amount of Rs. 6.17 crore. Company Secretary and Compliance Officer Mrs. Ambika Sharma resigned for personal reasons, effective June 2, 2025. The board also appointed new Secretarial, Internal, and Cost Auditors.
Profit nearly halved year-on-year and warrants worth Rs. 6.17 crore in upfront money were forfeited, which may weigh on sentiment. The Company Secretary exit is a routine KMP-level change for personal reasons and unlikely to materially affect operations, though shareholders should watch for a replacement announcement.