Ceigall India Limited has informed the Exchange regarding Re-Appointment of Mrs Gurpreet Kaur as Non- Executive Independent Director of the company for the second term w.e.f. October 26, 2026.
CEIGALL · price
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Ceigall India Limited reported strong FY26 results with standalone revenue of Rs. 38,693 million (up 17% YoY) and consolidated revenue of Rs. 40,224 million. Standalone PAT grew 13% to Rs. 3,052 million while consolidated PAT rose 8% to Rs. 3,089 million. EPS (consolidated) improved to Rs. 17.73 from Rs. 17.04. The Board recommended a dividend of Rs. 0.50 per share (10%) subject to shareholder approval. Key board changes include appointment of Mr. Ankit Kumar Agrawal as new Independent Director and reappointment of Mrs. Gurpreet Kaur and Mr. Vishal Anand for second terms. Mr. Chitwon Wason resigned as Whole-Time Director effective May 20, 2026. New internal and cost auditors were appointed. The company disclosed a fraud of Rs. 89.65 million affecting inventories, creditors and GST input tax credit adjustments.
The strong financial performance and dividend recommendation are positive for shareholders. However, the resignation of a Whole-Time Director and disclosure of fraud (though contained) may raise governance concerns among investors. The appointment of new auditors and independent directors aims to strengthen governance.