Ceigall India Limited has informed the Exchange regarding Appointment of M/s Grant Thornton Bharat LLP as Internal Auditor of the company w.e.f. August 08, 2025.
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Ceigall India announced multiple board decisions on August 8, 2025. For Q1 FY26 (quarter ended June 30, 2025), consolidated revenue from operations was ₹8,381.78 million, marginally up from ₹8,223.94 million YoY, but profit after tax declined to ₹513.38 million from ₹778.61 million YoY, with diluted EPS at ₹2.95 vs ₹4.95 last year. The Board re-appointed Mr. Arun Goyal as Non-Executive Independent Director for a second 5-year term starting March 1, 2026, subject to shareholder approval. Grant Thornton Bharat LLP was appointed as Internal Auditor for FY 2025-26, M/s. Lal Ghai & Associates as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30), and M/s. Khushwinder Kumar & Associates re-appointed as Cost Auditor for FY 2025-26. The Board also approved raising the borrowing limit to up to ₹15,000 crores, pending shareholder approval.
The Q1 results show flat revenue growth but a notable decline in profitability, which may concern investors despite the long-term growth strategy. The appointment of a reputed firm like Grant Thornton as internal auditor and the proposed ₹15,000 crore borrowing limit expansion signal growth ambitions, but also signal increased debt appetite that shareholders will need to evaluate at the upcoming AGM.