Canara Robeco Asset Management Company Limited has submitted to the Exchange, the Outcome of the Board Meeting held on April 27, 2026.
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Canara Robeco Asset Management Company's board approved the audited financial results for FY2026 ended March 31, 2026, with an unmodified auditor opinion. Revenue from operations grew to ₹4.25 billion from ₹3.65 billion in FY2025, while profit after tax increased to ₹2.04 billion from ₹1.91 billion. The board recommended a dividend of ₹2.50 per equity share, pending shareholder approval at the AGM. Mutual fund quarterly average AUM (QAAUM) grew to ₹1,174.83 billion from ₹1,033.44 billion. The board also approved appointment of M/s Borkar & Muzumdar as statutory auditors for 3 years and re-appointed Mr. Ravindran Menon as Independent Director for another 3-year term from October 2026.
Strong financial performance with 16% revenue growth and profit increase demonstrates solid operational execution. The dividend recommendation provides income returns for shareholders. The 13.7% growth in mutual fund AUM indicates healthy business expansion.