S H Kelkar and Company Limited — Updates, 16-05-2025: Incorporation

S H Kelkar and Company Limited has announced a board meeting outcome approving the financial results for the quarter and financial year ended March 31, 2025. The company reported consolidated total income of ₹2,147.25 Cr and profit before tax of ₹176.74 Cr for FY 2024-25. A major fire at its Vashivali plant caused losses of ₹160.18 Cr, partially offset by ₹95 Cr insurance relief and ₹4.64 Cr scrap recovery. Despite the loss, a final dividend of Re. 1 per share is proposed. The Board approved appointing new auditors, re-appointment of the Group CEO, and the incorporation of Keva Middle East FZE to boost regional presence and R&D. The company’s focus is on recovering from the fire impact and expanding globally.