Sirca Paints India Limited's Board of Directors met on Thursday, 22 May 2025, to consider and approve key decisions:
- Financial Results: The Board approved the Audited Standalone and Consolidated Financial Results for the quarter and year ended 31 March 2025. For the year ended 31 March 2025, the company reported a Revenue from Operations of ₹ 37,399.52 lakh and a Profit after Tax of ₹ 4,910.41 lakh. The Basic Earnings Per Share (EPS) stood at ₹ 8.96. For the quarter ended 31 March 2025, Revenue from Operations was ₹ 10,110.60 lakh and Profit after Tax was ₹ 1,415.59 lakh. The Statutory Auditors, M/s Rajesh Kukreja & Associates, have issued an unmodified opinion on these financial results.
- Dividend Recommendation: A final dividend of ₹ 1.50 per equity share (15% on face value of ₹ 10 each) has been recommended for the financial year 2024-25. This is subject to approval by shareholders at the upcoming 20th Annual General Meeting (AGM). The dates for the AGM, record date for dividend eligibility, and payment date will be announced separately.
- Secretarial Auditor Appointment: M/s. Pravesh Kumar & Associates, a Peer Reviewed Company Secretaries in Practice, have been appointed as the Secretarial Auditor of the Company for a period of five consecutive years, from FY 2025-26 to FY 2029-30. This appointment is also subject to shareholder approval at the ensuing AGM.
- Wembley Group Acquisition: On 20 March 2025, the company acquired the business undertaking of Wembley Group, excluding its manufacturing facilities, for a total consideration of ₹ 87.50 crore. The acquisition included goodwill and trademarks, which are accounted for as intangible assets.