CEIGALLNSECeigall India LimitedMediumNeutral
Announced Thu, 7 May · 17:01 IST

Ceigall India Limited has informed the Exchange regarding Re-appointment of Mr Vishal Anand as Non- Executive Independent Director of the company for the second term w.e.f. October 26, 2026.

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Price reaction · full curve 14 horizons · vs prior close
-0.2%1-day move
₹367.40
prior close
₹367.90
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.2+4.1+3.2+1.7-0.2-5.0-4.7-3.6-6.4-11.5-7.0-5.4+0.2
Up moveDown movePending
AI summary

Ceigall India Limited's Board approved several items at its meeting on May 7, 2026. For FY2026, standalone revenue stood at Rs. 3,869.31 crore with net profit of Rs. 305.18 crore, up from Rs. 3,384.78 crore and Rs. 270.25 crore in the prior year. Consolidated revenue was Rs. 4,022.40 crore with net profit of Rs. 308.92 crore. The Board declared a dividend of Rs. 0.50 per share (10%) for FY2026, subject to shareholder approval. Three independent director actions were approved: appointment of Mr. Ankit Kumar Agrawal (effective July 1, 2026) and re-appointments of Mr. Vishal Anand and Mrs. Gurpreet Kaur (both effective October 26, 2026, for second terms of five years each), all subject to shareholder approval. Mr. Chitwon Wason resigned as Whole-Time Director effective May 20, 2026. New internal and cost auditors were appointed for FY2026-27. The company also disclosed a fraud of Rs. 89.65 million identified in Q3 FY2026, with adjustments made to inventories, creditors, and GST Input Tax Credit.

Likely market impact

Positive signals from profit growth and dividend declaration, though the resignation of Whole-Time Director and a prior-period fraud of Rs. 89.65 million may raise governance concerns for investors.