M/s MNB & Co LLP, practising company secretaries has been appointed as Secretarial Auditor of the Company for a period of 5 consecutive years, subject to approval of the Members at the ....
WELSPLSOL · price
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Welspun Specialty Solutions reported audited results for Q4 and FY ended March 31, 2025, with statutory auditor BSR & Co. LLP giving an unmodified opinion. FY25 revenue from operations rose about 4% to Rs 72,372 lakhs (from Rs 69,657 lakhs), but the company slipped into a net loss of Rs 409 lakhs versus a profit of Rs 6,247 lakhs in FY24 (the prior year had a one-time Rs 3,387 lakh deferred tax credit). Q4 FY25 itself showed a turnaround to Rs 356 lakh net profit from Rs 15,127 lakh revenue. The Board also appointed MNB & Co. LLP as Secretarial Auditor for five years (FY26–FY30), pending shareholder approval. Separately, during the year the company completed a Rights Issue raising Rs 34,986 lakhs, using Rs 28,790 lakhs to prepay borrowings, which sharply improved the balance sheet — total equity jumped to Rs 43,437 lakhs (from Rs 9,308 lakhs) and cash balances surged to Rs 7,213 lakhs (from Rs 1 lakh), while total borrowings were nearly wiped out.
The annual loss may concern short-term investors, but the underlying business actually improved quarter-on-quarter, and the Rights Issue has dramatically strengthened the balance sheet by eliminating debt and building cash reserves. For shareholders, the stock price impact is likely mixed — weak headline numbers offset by a far healthier capital structure and continued operational momentum.