Balrampur Chini Mills Limited has informed the Exchange regarding Change in Auditors of the company.
BALRAMCHIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Balrampur Chini Mills reported audited standalone FY2026 results with revenue of Rs 6,271 crore (up from Rs 5,415 crore in FY25) and net profit of Rs 347 crore. The Board re-appointed Chairman Vivek Saraogi (promoter family member) for another 5-year term from April 2027, and re-appointed his daughter Avantika Saraogi as Executive Director for 5 years from January 2027. Both appointments require shareholder approval. The company confirmed Rs 3.50 per share dividend (already paid as interim) as the final dividend. Cost auditor M/s Mani & Co was reappointed for FY27. Note: The headline mentions 'Change in Auditors' but the filing actually shows only cost auditor re-appointment; statutory auditor Lodha & Co LLP appears to continue.
Positive for stability - continuity in leadership and consistent financial performance. However, re-appointment of two promoter family members (father-daughter duo) in key roles reinforces family control, which investors monitoring governance standards should note.