Ceigall India Limited has informed the Exchange regarding Change in Auditors of the company.
CEIGALL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ceigall India reported strong FY2026 results with standalone revenue of Rs 38,693 million (up 14% YoY) and profit after tax of Rs 3,052 million (up 13% YoY). Consolidated revenue stood at Rs 40,224 million with PAT of Rs 3,089 million. The Board approved a 10% dividend (Rs 0.50 per share) subject to shareholder approval. Key changes include appointment of Mr. Ankit Kumar Agrawal as Independent Director from July 2026, re-appointment of Mr. Vishal Anand and Mrs. Gurpreet Kaur for second terms, and resignation of Whole-Time Director Mr. Chitwon Wason effective May 20, 2026. New internal auditor (Grant Thornton Bharat LLP) and cost auditor (Khushwinder Kumar & Associates) were appointed for FY2026-27. Note: The company disclosed a fraud of Rs 89.65 million that impacted inventory and creditor balances.
The resignation of Whole-Time Director Mr. Chitwon Wason represents a key management change that investors should monitor. Strong financial performance with 13-14% revenue growth and maiden dividend declaration are positives. The fraud disclosure (Rs 89.65 million) is a concern but appears contained with no further impact on FY2026 profits.