Canara Robeco Asset Management Company Limited has informed the Exchange regarding Board approval at its meeting held on April 27, 2026, for an appointment of M/s Borkar & Muzumdar, Chartered Accountants as the Statutory Auditors of the Company for a term of 3 (three) consecutive years subject to approval of shareholders.
CRAMC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Canara Robeco Asset Management Company held its Board meeting on April 27, 2026, approving the audited financial results for FY 2025-26. The company reported revenue from operations of ₹4.25 billion (up from ₹3.65 billion in FY2025) and profit after tax of ₹2.04 billion (up from ₹1.91 billion). The statutory auditors issued an unmodified opinion, indicating clean books. The Board recommended a dividend of ₹2.50 per equity share, subject to shareholder approval at the AGM. Additionally, the Board approved the appointment of M/s Borkar & Muzumdar as Statutory Auditors for a 3-year term and re-appointed Mr. Ravindran Menon as Independent Director for another 3-year term from October 2026, both subject to shareholder approval. Mutual fund QAAUM grew to ₹1,174.83 billion from ₹1,033.44 billion, while Return on Net Worth declined to 30.29% from 36.17% in the prior year.
Positive signals include strong revenue and profit growth, clean audit with unmodified opinion, and shareholder-friendly dividend. The appointment of a new statutory auditor and reappointment of an independent director are routine governance actions with no immediate material impact on the stock.