Appointment of secretarial Auditors
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Unjha Formulations Ltd's board, at its meeting on May 16, 2025, approved the audited financial results for Q4 and full year ended March 31, 2025. Net sales from operations rose to about Rs. 1,849.6 lakh in FY25, up roughly 33% from Rs. 1,391.7 lakh in FY24. However, the company slipped deeper into losses, posting a net loss of around Rs. 40.76 lakh in FY25 versus Rs. 27.79 lakh in FY24, translating to a basic and diluted EPS of Rs. (0.91) versus Rs. (0.39) earlier. The statutory auditor (Jain & Golechha) issued an un-modified (clean) opinion with no key audit matters flagged. The board also appointed M/s Ajay Parikh & Associates, Practicing Company Secretaries, Ahmedabad, as the Secretarial Auditor for a five-year term covering FY26 to FY30, subject to shareholder approval.
Top-line growth is encouraging for a small-cap pharma company, but persistent and widening losses mean this is unlikely to be a positive stock catalyst. The clean audit opinion and routine 5-year secretarial auditor appointment are neutral governance events with no immediate material impact on shareholders.