Century Enka Limited has informed the Exchange regarding 'Board approved appointment of Statutory Auditors subject to approval of Members in ensuing AGM'.
CENTENKA · price
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Century Enka Limited's Board meeting on May 21, 2026 approved multiple items including audited financial results for FY2026. Standalone revenue from operations declined to Rs 1,70,541 Lacs from Rs 2,00,169 Lacs in FY2025 (approx 15% decline), while profit after tax grew significantly to Rs 10,169 Lacs from Rs 6,710 Lacs (approx 51.5% growth). The Board recommended dividend of Rs 11 per equity share (up from Rs 10). The company appointed M/s. Singhi & Co. as new statutory auditors for 5 years subject to shareholder approval at the 60th AGM, replacing Khimji Kunverji & Co. LLP. Mr. Suresh Sodani was redesignated as Managing Director & CEO. The auditors issued an unmodified opinion with one emphasis of matter regarding an excise duty demand of Rs 730 Lacs pending in the Supreme Court.
Strong profitability growth despite revenue decline; positive operating cash flow of Rs 12,543 Lacs and increased dividend signal financial health. The auditor change and emphasis of matter on contingent excise duty liability are routine governance items.