Outcome of Board Meeting held on 21st May 2026
CENTENKA · price
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Century Enka's Board approved the audited financial results for Q4 and FY ended March 2026. Standalone revenue declined to Rs. 1,70,541 Lacs from Rs. 2,00,169 Lacs in the previous year (down about 15%), but profit after tax grew significantly to Rs. 10,169 Lacs from Rs. 6,710 Lacs, representing a 51.5% increase. The Board appointed M/s. Singhi & Co. as new Statutory Auditors for a 5-year term starting from FY2026-27, replacing M/s. Khimji Kunverji & Co. LLP. Mr. Suresh Sodani was redesignated as Managing Director & CEO. A dividend of Rs. 11 per equity share (110%) was recommended for FY2026, up from Rs. 10 per share in the previous year. The auditors issued an unmodified opinion with an emphasis of matter regarding an excise duty dispute of Rs. 730 Lacs pending before the Supreme Court.
Revenue declined year-on-year but profitability improved sharply with PAT growth of over 50%, signaling better operational efficiency despite lower topline. The dividend increase and auditor change are routine corporate actions. The emphasis of matter on excise duty remains a contingent liability but is not considered material enough to impair the financials.