Usha Martin Limited has informed the Exchange regarding Change in Auditors of the company.
USHAMART · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.3 pts less than Nifty Smallcap 250 and 1.3 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Usha Martin's board met on May 12, 2025 and approved audited financial results for Q4 and FY25 with an unmodified opinion from statutory auditor S R Batliboi & Co. LLP. On a consolidated basis, full-year revenue rose about 8% to Rs. 3,47,416 lakhs, with net profit of Rs. 41,867 lakhs and basic EPS of Rs. 13.17. The board has recommended a final dividend of Rs. 3 per share (300%) for FY25, subject to shareholder approval. It also appointed Mr. Chirantan Chatterjee as Whole-Time Director for 5 years, and brought in new Secretarial Auditor (MKB & Associates), Cost Auditor (Mani & Co.) and Internal Auditor (Deloitte Haskins & Sells LLP) for FY26. The auditor's report highlights ongoing PMLA and CBI cases against the company, its MD and certain officers related to a prior iron-ore mining matter, with attachment of Ranchi land worth Rs. 19,037 lakhs; management sees a strong case and made no adjustments.
Shareholders get a 300% dividend and steady FY25 earnings, but unresolved PMLA/CBI proceedings involving the MD remain a key overhang on sentiment. The clean audit opinion and fresh auditor/leadership appointments are routine and neutral for the stock.