S H Kelkar and Company Limited — Others, 16-05-2025: Change in Director(s)

SH Kelkar and Company Limited has announced a board meeting on the financial results for the quarter and half-year. The Board approved audited standalone and consolidated financials, reporting total consolidated income of Rs. 2,147.25 Cr and profit before tax of Rs. 176.74 Cr for the year. The company incurred exceptional losses of Rs. 160.18 Cr due to a major fire at its Vashivali plant, partly covered by insurance. A final dividend of Re. 1 per share is proposed, subject to shareholder approval. New appointments include an Additional Director, Internal and Cost Auditors, and a wholly-owned subsidiary in the UAE was approved to boost regional presence. The divestment of a 40% stake in NuTaste is now classified as discontinued operations. Despite challenges, operating cash flows improved, and financing activities enhanced liquidity. Management disclosed excess remuneration to the Whole-time Director, approved by the Board and awaiting shareholder consent.