Re-Appointment of Internal Auditors and Cost Auditor
BANARISUG · price
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Bannari Amman Sugars Limited held its Board meeting on May 27, 2026, approving the audited financial results for Q4 and FY ended March 31, 2026, along with re-appointments of key auditors. The company reported total income of Rs. 1,91,667.27 lakhs and net profit of Rs. 17,746.92 lakhs for FY2026, up from Rs. 16,225.57 lakhs in the prior year. EPS for the year stood at Rs. 117.96 versus Rs. 83.47 in FY2025. The Board recommended a dividend of Rs. 12.50 per share (125%) subject to shareholder approval at the 42nd AGM on September 23, 2026. The two internal auditors — M/s Nandakumar & Sundaran and M/s BM & Associates — were reappointed for FY 2026-27, alongside Cost Auditor Sri M Nagarajan, also for the same year. The statutory auditors issued an unmodified opinion on the financials.
Re-appointment of existing auditors is routine and signals continuity in governance; the strong profit growth and dividend declaration are positive signals for shareholders.