Arihant Superstructures Limited has informed the Exchange about Appointment M/s. Anjani Goyal & Co., as Internal Auditor for FY 2026-27.
ARIHANTSUP · price
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Arihant Superstructures held its Board Meeting on May 15, 2026 and approved multiple items. Financially, standalone profit after tax dropped sharply to Rs. 145.69 lakhs from Rs. 1,947.90 lakhs in the prior year, while consolidated PAT (after non-controlling interest) fell to Rs. 2,793.25 lakhs from Rs. 4,123.96 lakhs — a significant decline. Revenue from operations stood at Rs. 55,601.26 lakhs on consolidated basis. The Board recommended a final dividend of Rs. 0.25 per share (2.5%) for FY 2025-26, with the promoter group voluntarily waiving dividend receipt. M/s. Anjani Goyal & Co. was appointed as Internal Auditor for FY 2026-27. Two key appointments were made: Mr. Parth Chhajer and Mr. Bhavik Chhajer — both sons of Chairman and MD Mr. Ashokkumar B. Chhajer — were appointed as Joint Managing Directors for 5 years, subject to shareholder approval. The Board also approved related party transactions for FY 2026-27 and the sale of land at Village Dahivali to Dwellcons Pvt Ltd (wholly-owned subsidiary).
The sharp decline in profitability despite stable revenues raises concerns about cost structures. The appointment of two promoter family members as Joint Managing Directors consolidates family control over the company, which may raise governance considerations for minority shareholders.