Container Corporation Of India Limited has informed the Exchange regarding Change in Auditors of the company.
CONCOR · price
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CONCOR reported Q1 FY26 standalone revenue of Rs. 2,149.53 crore, up about 2.5% year-on-year from Rs. 2,097.07 crore. Profit after tax rose marginally to Rs. 257.71 crore (from Rs. 255.35 crore), with EPS of Rs. 3.38. The board declared an interim dividend of Rs. 1.60 per share (32% on face value of Rs. 5), totaling Rs. 121.86 crore, with a record date of August 13, 2025. The company also appointed M/s Amit Agrawal & Associates as Secretarial Auditors for a five-year term (FY 2025-26 to FY 2029-30), subject to shareholder approval. Separately, a bonus issue in a 1:4 ratio was completed in July 2025, increasing paid-up capital to Rs. 380.81 crore. The auditor flagged the ongoing uncertainty over Land License Fee payments to Indian Railways and noted a change in the useful life of LNG trucks and trailers from 8 to 15 years, which reduced depreciation by Rs. 1.54 crore this quarter.
Steady quarterly performance with a healthy interim dividend rewards shareholders, while the routine appointment of a new secretarial auditor has no material governance impact. Investors should note the continuing uncertainty around railway land lease costs and the going-concern flag on subsidiary CONCOR Air Limited.