Birla Precision Technologies Ltd — Updates, 23-05-2025: Company Update

Birla Precision Technologies Limited has announced a board meeting approving the financial results for the quarter and financial year ended March 31, 2025, accompanied by an unmodified audit opinion. The board has proposed a final dividend of Rs. 0.05 per equity share (face value Rs. 2). Key audit appointments for FY 2025-26 were reconfirmed, including income tax, GST, cost, and internal auditors. New appointments for secretarial auditors (M/S. AVS & Associates) and statutory auditors (T R Chadha & Co LLP) have been proposed for a five-year term, subject to shareholder approval. The company also approved the voluntary strike off of its wholly owned subsidiary, Birla Precision GMBH, due to underperformance, contributing 0.73% to revenue and -1.21% to net worth last year, aiming to streamline operations and focus on core areas. Amendments to the insider trading code were approved to align with best practices.