Swastik Pipe Limited — Others, 28-05-2025: Appointment

Swastik Pipe Limited has announced a board meeting in which it approved the audited financial results for the half year and financial year ended March 31, 2025. M/s Prachi Bansal & Associates was appointed as Secretarial Auditor for five years, pending shareholder approval. Cost and Internal Auditors were re-appointed for FY 2025-26. Mr. Rajinder Anand was re-appointed as Independent Director, subject to approval. Shri Sunil Gautam was promoted to CFO, succeeding Shri Sunil Kumar Jha. The audit report carries a qualified opinion due to ₹32.80 Cr interest income from government departments included under revenue, unresolved receivables, and a ₹19.50 Cr contingent liability from entry tax litigation. These issues affect financial clarity but not the company’s continuity.