Chemtech Industrial Valves Ltd — Board Meeting, 23-05-2025: Board Meeting

Chemtech Industrial Valves Ltd. has announced a board meeting to approve the financial results for the quarter and half-year. The company approved its audited financial results for the quarter and year ended, as well as the Annual Secretarial Compliance Report. The audit was conducted by Raju & Prasad, who gave an unqualified opinion, confirming compliance with accounting standards and effective internal financial controls. Key points include no material discrepancies in asset verification, no acceptance of deposits, and the company’s loans to related parties totaling Rs. 6 Cr. A pending GST dispute involves a penalty of around Rs. 7.9 Cr, against which the company has filed an appeal. The company reported profit before tax of Rs. 231.60 lakh for the quarter and Rs. 924.33 lakh for the year with capital employed at Rs. 9583.05 lakh. Internal controls and statutory compliances are reported as sound, supporting stable operations and governance.