Centum Electronics Limited has informed the Exchange regarding Change in Auditors of the company.
CENTUM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Centum Electronics reported audited standalone revenue of Rs. 9,706.25 million for FY2026 with a net loss of Rs. 1,170.50 million, impacted by exceptional items of Rs. 2,033.07 million. The losses primarily came from a Rs. 1,537.83 million provision for the investment in Centum T&S Group Societe Anonyme (S.A.) and Rs. 396 million provision for trade receivables from Canadian subsidiaries that are being liquidated. Consolidated revenue stood at Rs. 9,685.65 million. The Board recommended a final dividend of Rs. 5 per share (50%) subject to shareholder approval. The company also re-appointed KPMG as Internal Auditor and K.S. Kamalakara & Co. as Cost Auditors for FY2026-27. Additionally, 18,033 equity shares were allotted under the RSU Plan 2021, increasing paid-up capital to Rs. 14.76 million.
The company swung to a loss due to exceptional write-offs related to its overseas subsidiaries facing financial distress. Despite the losses, the continued dividend payout signals management confidence. The liquidation of Canadian subsidiaries and the Redressement Judiciaire filing for the French subsidiary may continue to create volatility in future results.