Cemindia Projects Limited has informed the Exchange regarding Change in Auditors of the company.
CEMPRO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Cemindia Projects Limited reported strong FY2026 results with standalone revenue of Rs 9,983 Crores (up 8% YoY) and consolidated net profit of Rs 598 Crores (up 60% YoY). EPS stood at Rs 34.79. The Board approved appointment of Price Waterhouse Chartered Accountants LLP as statutory auditors for 5 years, filling a casual vacancy caused by resignation of previous auditors on November 5, 2025. No dividend was proposed for FY2026. Mr. Abizer Shabbir Diwanji was appointed as Additional Independent Director for 3 years, subject to shareholder approval. The Board also approved alterations to Article 131 of Articles of Association regarding document execution.
The appointment of a Big 4 auditor firm (PwC) provides credibility, though the prior auditors' mid-term resignation raises minor governance questions. Strong profit growth and clean audit opinion are positive signals for shareholders despite no dividend payout.