Appointment of Secretarial Auditors
VISAKAIND · price
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Awaiting price reaction for this filing.
Visaka Industries' board approved audited financial results for Q4 and FY25 (ended March 31, 2025). Standalone revenue rose modestly to Rs. 1,54,080.53 lakhs (from Rs. 1,52,050.81 lakhs), but standalone net profit collapsed ~94% to just Rs. 14.38 lakhs (from Rs. 253.47 lakhs). On a consolidated basis, the company swung to a net loss of Rs. 301.19 lakhs versus a profit of Rs. 85.95 lakhs in FY24, hurt by subsidiary losses (Visaka Green and Atum Life). The board recommended a final dividend of Rs. 0.50 (25%) per share, with record date June 27, 2025 and AGM on July 30, 2025. Statutory auditors Price Waterhouse issued an unmodified opinion. The board also appointed M/s GMR & Associates as Secretarial Auditors for five years (FY26–FY30) and reappointed Sagar & Associates as Cost Auditors for FY26.
Sharp decline in standalone profits and a consolidated net loss signal weak earnings momentum despite stable revenue, which may weigh on the stock. The 25% dividend and clean audit opinion provide some support, but investors should watch margin trends and subsidiary performance closely.