Ceigall India Limited has informed the Exchange regarding Appointment of M/s Khushwinder Kumar & Associates as Cost Auditor of the company w.e.f. August 08, 2025.
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Ceigall India's Board, at its August 8, 2025 meeting, approved Q1 FY26 unaudited financial results. Standalone revenue from operations rose to ₹8,183.47 million (vs ₹7,730.28 million YoY), while profit after tax fell to ₹559.22 million (vs ₹691.18 million YoY), with EPS at ₹3.21. Consolidated revenue was ₹8,381.78 million with PAT of ₹513.38 million and EPS of ₹2.95, with finance costs rising sharply to ₹420.08 million. The Board appointed Grant Thornton Bharat LLP as Internal Auditor (FY25-26), Lal Ghai & Associates as Secretarial Auditors for five years (FY25-26 to FY29-30), and Khushwinder Kumar & Associates as Cost Auditor (FY25-26). It also approved the re-appointment of Mr. Arun Goyal as Non-Executive Independent Director for a second five-year term effective March 1, 2026, subject to shareholder approval. Additionally, the Board proposed increasing the company's borrowing limit to ₹15,000 crores, subject to shareholder approval at the upcoming AGM.
Mixed signal: Q1 earnings show revenue growth but declining profitability and rising finance costs, while the proposed ₹15,000 crore borrowing limit signals major expansion plans that could increase leverage but also drive future growth. Routine auditor appointments and a director re-appointment are governance-neutral events.