Vineet Laboratories Limited has informed the Exchange regarding Change in Auditors of the company.
VINEETLAB · 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 standalone results for Q4 and FY25. Revenue from operations fell sharply to about ₹75 crore for FY25, roughly half of FY24's ~₹150 crore. The company swung to a loss of about ₹20.2 crore for the year (vs a small profit of ~₹1 crore last year), with Q4 alone posting a loss of ~₹10.5 crore. EPS turned deeply negative at ₹(21.90) versus ₹1.11 in FY24. The statutory auditor NSVR & Associates LLP gave an unqualified opinion but highlighted a ₹7.12 crore write-off for slow-moving and obsolete inventory. The board also re-appointed an independent director for a second 5-year term and appointed P S Rao & Associates as the new secretarial auditor for 5 years.
Negative for shareholders — collapsing revenues and a deep full-year loss, compounded by a large inventory write-off, signal serious demand or operational stress. However, the unqualified audit opinion and absence of any auditor resignation are mild positives. Expect near-term pressure on the stock given the sharply negative earnings.