Salzer Electronics Limited — Others, 24-05-2025: Shareholders meeting

Salzer Electronics Ltd has announced a board meeting outcome approving the audited standalone and consolidated financial results for the quarter and year, with an unmodified auditor opinion. The Board has proposed a dividend of Rs. 2.50 per share (25% on Rs.10 face value), subject to shareholder approval. New appointments include G.V. and Associates as Secretarial Auditors, Mr. A.R. Ramasubramania Raja as Cost Auditor, and DAT & Associates as Internal Auditors. The Board approved a full write-off of Rs. 83 lakh and Rs. 34.75 lakh investments in subsidiaries due to operational losses. Standalone revenue grew to Rs. 1383 Cr with profit after tax at Rs. 62.26 Cr, aided by electrical installation products. A net gain of Rs. 15.18 Cr came from selling a 1.6% stake in Kaycee Industries Ltd. Increased borrowings funded capital expenditure, supporting ongoing business expansion.