Appointment of Internal Auditor
DATAMATICS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Datamatics Global Services reported FY26 standalone revenue of Rs 672 crore (up 32% YoY) and consolidated revenue of Rs 1,987 crore (up 15% YoY), with consolidated net profit at Rs 195 crore despite a dip from Rs 206 crore in FY25. The Board approved a 100% final dividend of Rs 5 per share. It also cleared a scheme to amalgamate two wholly-owned subsidiaries – Dextara Digital and Datamatics Cloud Solutions – into the parent company to simplify structure and create operational synergies. Mr Rahul L. Kanodia was re-appointed as Vice Chairman & CEO for five years from February 2027. Two new Non-Executive Independent Directors (Mr Hitesh Gajaria and Mr Navnit Singh) are being appointed subject to shareholder approval via postal ballot. Internal auditors M/s Ajmera & Ajmera were reappointed for FY27. Auditors gave unmodified opinions on both standalone and consolidated results.
The strong revenue growth and dividend signal financial health, while the subsidiary merger could improve operational efficiency and simplify the group structure – both positive for shareholders. The new independent directors enhance board independence pending shareholder approval.