Vindhya Telelinks Limited has informed the Exchange regarding Change in Auditors of the company.
VINDHYATEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Vindhya Telelinks reported FY25 standalone revenue of Rs. 4,054 crore (slightly down from Rs. 4,088 crore in FY24), with standalone profit after tax falling to Rs. 115 crore from Rs. 155 crore. Consolidated PAT was Rs. 203 crore versus Rs. 283 crore last year, impacted by lower share of profits from associates. The Board recommended a dividend of Rs. 16 per share (160%) for FY25, subject to shareholder approval. Statutory auditor BGJC & Associates LLP is being replaced by V. Sankar Aiyar & Co. after completing their 5-year term — a routine rotation, not a resignation. The Board also renewed its technology cooperation agreement with HUBER+SUHNER (Switzerland) for 3 years, re-appointed Y.S. Lodha as MD & CEO for another 5-year term, and inducted Mrs. Srishti Lodha (part of the promoter Lodha family) as a Non-Executive Non-Independent Director.
Profitability has dipped year-on-year with both standalone and consolidated earnings declining ~25-28%, which may pressure the stock in the short term. The 160% dividend and continuation of the technology partnership with HUBER+SUHNER are positives. The auditor change is routine rotation and should not be a concern for shareholders.