Re-appointment of Statutory Auditors subject to approval of Shareholders at ensuing Annual General Meeting
CARERATING · price
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CARE Ratings board approved audited FY26 consolidated results showing strong performance with total income of Rs 52,788.53 lakhs (+16.5% YoY) and net profit of Rs 17,369.59 lakhs (+24% YoY). B S R & Co. LLP issued unmodified audit opinion. Board recommended final dividend of Rs 14 per share, taking total FY26 dividend to Rs 22 per share (including Rs 8 interim). Statutory auditors B S R & Co. LLP reappointed for 5 years subject to shareholder approval at July 3, 2026 AGM. 55,000 stock options granted under ESOS 2020 at Rs 1,590 exercise price with 3-year vesting. Regarding proposed stake sale in CareEdge Global IFSC Limited to SBI and NSE IFSC, legal documentation discussions are taking longer than anticipated and remain ongoing.
Strong financial performance with 24% profit growth and attractive total dividend of Rs 22/share signals positive outlook. ESOP grant aligns employee interests with shareholders. Delayed closure of IFSC subsidiary stake sale introduces minor timing uncertainty.