Shree Marutinandan Tubes Limited has announced significant changes to its board composition following a board meeting held on December 12, 2025. The company has appointed two new independent directors while accepting resignations from two existing board members, maintaining its commitment to corporate governance standards.

Board Meeting Details

The Board of Directors meeting was conducted on December 12, 2025, commencing at 3:30 pm and concluding at 4:00 pm. The meeting addressed key governance matters related to board composition and director appointments in compliance with SEBI regulations.

New Independent Director Appointments

The company has appointed two new independent directors to strengthen its board:

Professional Background of New Directors

Ms. Kavita Khatri brings 15 years of professional experience as a practicing Company Secretary through M/s. Kavita Khatri and Associates. She holds memberships with ICSI (A25076) and COP (9006), and serves as Chairperson of the Ahmedabad Chapter of WIRC of ICSI. Her qualifications include LLB from LA Shah Law College (2013), CS from ICSI (2010), and B.Com from Bikaner University (2006). She currently holds positions as Woman Independent Director in M/s. Phonewale Limited and M/s. GRE Renew Enertech Private Limited.

Mr. Manish Pradyumna Pancholy is an experienced Project Manager with over 15 years in project planning, execution, and management. He holds PGDBM (Operations) from Welingkar's Institute of Management, Mumbai (2014) and BE (Electronics and Telecommunications) from GCOE, Jalgaon (2004). His certifications include ITIL v3, CSM, CSPO, and expertise in cloud computing and emerging technologies. He has worked with prominent organizations including TATA Communications Limited and Global Cloud Xchange.

Director Resignations

Two independent directors have resigned from their positions effective December 12, 2025:

Both resigning directors confirmed that there are no other material reasons for their resignations apart from the stated professional commitments. They expressed appreciation for the opportunity to contribute to the company's growth and governance during their tenure.

Regulatory Compliance

All appointments and resignations have been made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that the newly appointed directors are not debarred from holding director positions by SEBI or any other authority, as verified by the Nomination and Remuneration Committee Board.

The detailed disclosures required under SEBI regulations have been provided as annexures to the board meeting outcome, ensuring full transparency and compliance with regulatory requirements.

Shree Marutinandan Tubes Limited , a prominent player in the tubes manufacturing sector, has announced its audited standalone financial results for the fiscal year ending March 31, 2025, showcasing robust growth and improved profitability.

Financial Highlights

The company reported a significant increase in its revenue from operations, reaching Rs. 11,289.70 lakhs in FY2025, up from Rs. 9,378.11 lakhs in the previous year. This represents a substantial year-on-year growth of 20.40%, indicating strong market demand for the company's products.

Profitability also saw an improvement, with net profit rising to Rs. 280.13 lakhs in FY2025, compared to Rs. 263.07 lakhs in FY2024, marking a 6.48% increase. This growth in net profit, albeit at a lower rate than revenue growth, suggests the company has managed to maintain its profitability despite potential increases in operational costs.

Key Financial Metrics

Half-Year Performance

For the second half of the fiscal year ended March 31, 2025, Shree Marutinandan Tubes Limited recorded revenue of Rs. 5,996.75 lakhs, with a net profit of Rs. 209.10 lakhs. These figures indicate a strong performance in the latter half of the financial year.

Audit Opinion and Compliance

The statutory auditors, S K Jha & Co., have issued an unmodified opinion on the financial results, which generally indicates that the financial statements present a fair and accurate view of the company's financial position.

However, the auditors noted that the company has not made provisions for post-employment benefits in accordance with Accounting Standard 15 (AS-15). The management has not quantified the amount of these potential provisions, which could impact the company's financial statements if implemented.

Conclusion

Shree Marutinandan Tubes Limited has demonstrated strong revenue growth and improved profitability in FY2025. The company's ability to increase its top line by 20.40% while also growing its bottom line is a positive indicator of its operational efficiency and market position. However, investors and stakeholders should take note of the auditor's comment regarding post-employment benefits provisions, as addressing this issue may affect future financial statements.

As the company continues to grow, it will be important to monitor how it manages its operational costs and addresses compliance with accounting standards to maintain its growth trajectory and financial health.