Banco Products (I) Limited has informed the Exchange regarding Change in Auditors of the company.
BANCOINDIA · price
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Banco Products (India) Limited announced results from its board meeting on August 8, 2025. The board approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025) with an unmodified auditor opinion. Consolidated revenue rose to Rs 98,385 lakhs from Rs 80,597 lakhs in Q1 FY25, and consolidated profit after tax increased to Rs 13,733 lakhs from Rs 10,851 lakhs, with EPS of Rs 4.80. Standalone revenue grew to Rs 41,028 lakhs and standalone PAT to Rs 4,790 lakhs. The board also appointed M/s. J. J. Gandhi & Co. as Secretarial Auditor for 5 years (FY2025-26 to FY2029-30) and M/s. Y. S. Thakar & Co. as Cost Auditor for FY2025-26, both subject to shareholder approval. The 64th AGM is scheduled for September 19, 2025 via video conference.
Strong Q1 performance with double-digit revenue and profit growth on a consolidated basis, reflecting healthy business momentum. The auditor appointments are routine governance matters and the statutory auditor (Parikh Shah Chotalia & Associates) continues with an unmodified opinion, which is positive for investor confidence.