CENTRUMNSECentrum Capital LimitedMediumNeutral
Announced Thu, 21 May · 17:59 IST

Centrum Capital Limited has informed the Exchange regarding Change in Auditors of the company.

Management Changes View source PDF

CENTRUM · price

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AI summary

Centrum Capital Limited reported its Board Meeting outcome on May 21, 2026. The company approved audited consolidated financial results for FY 2026 showing total revenue of Rs. 3,76,296.81 lakhs but reported a consolidated loss before tax of Rs. 26,312.32 lakhs. Exceptional items of Rs. 20,104.07 lakhs included profit of Rs. 22,769.79 lakhs from sale of Centrum Housing Finance Limited, partially offset by transaction costs and loss on sale of Centrum Alternatives LLP. The Board also approved re-appointment of M/s Sharp & Tannan as Statutory Auditors for a second term of 5 years, subject to shareholder approval. Additionally, powers were delegated for raising funds up to Rs. 1,000 crore through NCDs and securities issuance. Sharp & Tannan issued an unmodified opinion on the financial results.

Likely market impact

The company posted a significant consolidated loss for FY 2026 primarily due to banking business segment losses, though asset sales provided some offset. The continuation with the same auditor and approved fund-raising plans suggest management is focused on addressing operational challenges while maintaining capital-raising flexibility.