Ceigall India Limited has informed the Exchange regarding Board meeting held on August 08, 2025.
CEIGALL · price
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Ceigall India approved its unaudited Q1 FY26 (quarter ended June 30, 2025) standalone and consolidated financial results, reviewed by auditor B D Bansal & Co. Standalone revenue from operations grew 5.9% year-on-year to ₹818.3 crore, but profit after tax fell 19.1% to ₹55.9 crore (EPS ₹3.21 vs ₹4.40). On a consolidated basis, revenue rose 1.9% to ₹838.2 crore while profit after tax dropped 34% to ₹51.3 crore, with finance costs jumping 21.5% to ₹42 crore. The Board also approved re-appointment of Mr. Arun Goyal as Independent Director for a second 5-year term, appointed Grant Thornton Bharat LLP as Internal Auditor, Lal Ghai & Associates as Secretarial Auditors (5 years), and Khushwinder Kumar & Associates as Cost Auditor for FY26. Most notably, the Board approved increasing the company's borrowing limit to ₹15,000 crore, subject to shareholder approval at the upcoming AGM, citing growth and strategic objectives.
Rising revenue but sharply falling profits and higher finance costs point to margin pressure, while the ₹15,000 crore borrowing limit proposal signals aggressive expansion plans that could increase leverage and interest burden for shareholders. The auditor's emphasis-of-matter on unreviewed subsidiary financials is a minor governance flag but does not modify the review conclusion.