Appointment of following auditors: - Internal Auditor - Tax Auditor - Cost Auditor
CROMPTON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Crompton Greaves reported a net loss of Rs 243.31 crores for FY2026 on standalone basis, compared to profit of Rs 563.18 crores in FY2025. The loss was primarily due to an exceptional item of Rs 716.04 crores representing impairment of investment in subsidiary Butterfly Gandhimathi Appliances Limited and associated trademarks. Revenue from operations grew 2.3% year-on-year to Rs 7,193.23 crores. The Board recommended a dividend of Rs 3 per equity share (150% of face value Rs 2), payable after August 7, 2026 AGM. The company also re-appointed MSKA & Associates LLP as statutory auditors for a second 5-year term, and re-appointed Cost Auditor (Ashwin Solanki & Associates), Internal Auditor (Grant Thornton Bharat LLP), and Tax Auditor (Sharp & Tannan) for FY2026-27.
The large impairment charge caused a net loss this year, but core operations remained profitable with Rs 663.92 crores profit before exceptional items. The dividend recommendation signals management confidence. The stock may see pressure near-term due to the loss but underlying business appears stable.