Ceigall India Limited has informed the Exchange regarding Appointment of M/s. Lal Ghai & Associates as Secretarial Auditors of the company w.e.f. August 08, 2025.
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Ceigall India's Board met on August 8, 2025, and approved its Q1 FY26 unaudited financial results along with several governance and finance decisions. On a consolidated basis, revenue from operations rose to ₹8,381.78 million (from ₹8,223.94 million YoY), but net profit fell sharply to ₹513.38 million (from ₹778.61 million YoY), with basic EPS dropping to ₹2.95 vs ₹4.95. The Board appointed Grant Thornton Bharat LLP as Internal Auditor for FY26, Lal Ghai & Associates as Secretarial Auditors for a 5-year term (FY26–FY30), and Khushwinder Kumar & Associates as Cost Auditor for FY26. It also approved the re-appointment of Mr. Arun Goyal as Independent Director for a second 5-year term starting March 1, 2026, subject to shareholder approval. Additionally, the Board raised the company's borrowing limit to ₹15,000 crores, pending shareholder nod at the upcoming AGM.
Mixed Q1 performance — topline growth but a notable drop in profits and EPS may pressure the stock in the short term, while the sharp increase in borrowing limit signals aggressive expansion plans that could lift debt-related risks. Auditor and director changes are routine and governance-neutral.