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

Swastik Pipe Limited has announced a board meeting approving the audited financial results for the half year and financial year ended March 31, 2025. Key management changes include the promotion of Shri Sunil Gautam as CFO, replacing Shri Sunil Kumar Jha, and the re-appointment of Mr. Rajinder Anand as Independent Director for five years. The company appointed new Secretarial Auditors and re-appointed Cost and Internal Auditors for FY 2025-26. The audit opinion was qualified due to unconfirmed interest income of ₹32.80 Cr and unreconciled trade receivables and liabilities. A contingent liability of ₹19.50 Cr concerning entry tax is pending in court.