Re-appointment of Statutory Auditors for a Second term
COROMANDEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Coromandel International's Board meeting on May 7, 2026 approved multiple items including audited Q4 and FY2026 results, final dividend, and re-appointment of statutory auditors. Standalone revenue grew 27% to Rs. 30,530.89 crores while net profit rose 3.5% to Rs. 2,008.58 crores. Consolidated revenue increased to Rs. 31,479.54 crores but net profit declined 7.6% to Rs. 1,898.14 crores due to an exceptional impairment charge of Rs. 125.15 crores related to the Drones subsidiary. The Board declared a final dividend of Rs. 2 per share (200% on face value) with record date July 16, 2026. S R Batliboi & Associates LLP has been re-appointed as statutory auditors for a second term of 5 years subject to shareholder approval. The company also approved a corporate guarantee of up to USD 15.5 million for its Senegal subsidiary Baobab Mining & Chemicals Corporation.
Strong revenue growth demonstrates business expansion though consolidated profit decline may create mixed market sentiment. Dividend declaration provides positive signal for shareholders while the auditor reappointment maintains audit continuity.