APARINDSNSEApar Industries Limited· LubricantsMediumNeutral
Announced Thu, 28 May · 14:34 IST

Apar Industries Limited has informed the Exchange regarding Change in Auditors of the company.

Management Changes View source PDF

APARINDS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-5.8%1-day move
₹13510.00
prior close
₹13500.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-4.3-4.2-4.3-5.0-5.8-1.7+0.2+2.0+2.3+0.7+20.1+19.7
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AI summary

Note: The filing headline mentions 'Change in Auditors' but the actual document content does not contain any auditor change. The document is primarily the outcome of the Board Meeting held on May 28, 2026, covering FY2026 audited financial results. Consolidated revenue grew 23.3% YoY to Rs. 22,902 crores, with profit after tax rising 19% to Rs. 977 crores. Q4 revenue was Rs. 6,603 crores (up 26.7% YoY). The Board recommended a dividend of Rs. 60 per share (face value Rs. 10) for FY2026, aggregating Rs. 241 crores, subject to AGM approval. New appointments include Mr. Rahul Dugal as Cost Auditor and Deloitte as Internal Auditor for FY2026-27. The company also allotted 5,920 equity shares under ESARs 2024 plan and approved investment up to BRL 550,000 in its Brazilian subsidiary. Statutory auditors C N K & Associates LLP issued an unmodified opinion.

Likely market impact

No change in auditors occurred despite the headline. The strong financial performance with 19% PAT growth and 23% revenue growth, along with the dividend recommendation, are positive signals for shareholders.