Re-Appointment of Internal Auditor
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors of Citadel Realty and Developers Ltd met on May 27, 2026 and approved multiple items. The company reported standalone net profit of Rs. 151.20 lakhs for FY26, up 30% from Rs. 116.72 lakhs in FY25. The statutory auditors issued an unmodified opinion on the audited financial results. The Board recommended a final dividend of Rs. 0.50 per equity share, bringing the total dividend for FY26 to Rs. 1.00 per share (including the interim dividend). Additionally, Mr. Ashish Mehta was re-appointed as Internal Auditor for FY26-27 upon recommendation of the Audit Committee. The company also converted 6,95,000 equity warrants into shares in January 2026, increasing paid-up capital to Rs. 900 lakhs.
The filing shows steady financial performance with improved profitability and shareholder returns. The re-appointment of the existing internal auditor indicates continuity in the company's internal audit function and is a routine governance matter with no negative implications for investors.