V-Guard Industries Limited has informed the Exchange regarding Change in Auditors of the company.
VGUARD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.8 pts less than Nifty Microcap 250 and 1.5 pts less than its Household Appliances peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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V-Guard Industries reported healthy FY25 results with consolidated revenue growing ~15% to ₹5,577.82 crore and profit after tax rising ~22% to ₹313.72 crore (EPS ₹7.17 vs ₹5.89). Q4 FY25 standalone revenue was ₹1,480.07 crore with PAT of ₹78.06 crore. The Board declared a final dividend of ₹1.50 (150%) per share for FY25, with record date July 31, 2025 and AGM scheduled for August 7, 2025. Mr. Mithun K Chittilappilly was re-appointed as Managing Director for another 5-year term starting April 1, 2026, subject to shareholder approval. The Board approved appointment of Dedhia Shah & Partners LLP as new Secretarial Auditor for 5 years, while Price Waterhouse, Mahajan & Aibara, and BBS & Associates were re-appointed as Tax, Internal, and Cost Auditors respectively. Additionally, 2,15,253 equity shares were allotted under ESOS 2013, and a ₹50 crore capacity expansion was approved at the Hyderabad battery plant of subsidiary VCPL, adding ~3.96 lakh units annually to existing 3.60 lakh units, to be funded through internal accruals.
Strong double-digit revenue and profit growth with a 150% dividend signals robust operational performance and shareholder-friendly capital allocation. Capacity expansion in batteries positions the company for future growth, though the investment is modest relative to overall operations. No negative signals—the statutory auditor (Price Waterhouse) continues and gave an unmodified opinion.