Board of Directors at their meeting held today i.e., May 12, 2025, approved the proposal of recommending the shareholders, appointment of M/s. Nilesh Shah & Associates, Peer Reviewed Practicing ....
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The Board of Walchand Peoplefirst Ltd approved audited financial results for Q4 and FY ended March 31, 2025, with the statutory auditor issuing a clean (unmodified) opinion. For the full year, revenue from operations rose to about Rs. 308 lakhs (vs Rs. 262 lakhs in FY24), total income stood at roughly Rs. 386 lakhs, and profit before tax improved sharply to about Rs. 214 lakhs compared with Rs. 46 lakhs in the previous year. The Board recommended a final dividend of Rs. 1 per share (10% on face value of Rs. 10), subject to shareholder approval at the 105th AGM on July 31, 2025. It also approved the re-appointment of statutory auditor CNK & Associates LLP for a second 5-year term, re-appointment of Nilesh Shah & Associates as secretarial auditor for FY 2025-26 to 2029-30, and re-appointment of Mr. Joseph Andrew Jude Pereira as Non-Executive Independent Director for another 5-year term from October 26, 2025.
Routine outcome – shareholders receive a modest 10% dividend and clear governance continuity with re-appointments of auditors and the independent director, while the sharp improvement in FY25 profitability is a positive signal for the stock.