Precot Limited — Others, 23-05-2025: Change in Auditors

Precot Limited has announced a board meeting approving the financial results for the quarter and half-year, reporting consolidated total income of Rs. 872.51 Cr and net profit of Rs. 32.89 Cr for the year. Losses from discontinued operations, mainly due to Rs. 11.19 Cr in employee settlement costs from closing a spinning unit, impacted overall profits. The Board proposed a dividend of Rs. 3 per share, subject to shareholder approval. Key leadership is up for reappointment for three years starting FY 2026. KSR & Co. LLP will serve as secretarial auditor for five years from FY 2025-26. Auditors VKS Aiyer & Co. gave an unmodified opinion on the results.