DCW Limited has informed the Exchange about Appointment of Secretarial Auditors
DCW · price
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DCW Limited's board, at its August 8, 2025 meeting, approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations fell to Rs. 47,549.79 lakhs from Rs. 49,952.42 lakhs in the same quarter last year, but net profit rose to Rs. 1,138.94 lakhs from Rs. 672.80 lakhs, an increase of about 69% year-on-year, helped by lower input costs and a sharply smaller loss in the Basic Chemicals segment. The board also appointed M/s. Mehta & Mehta as Secretarial Auditors for a five-year term (FY26 to FY30) and re-appointed Mr. Vivek Shashichand Jain and Mr. Bakul Premchand Jain as Managing Directors for further three-year terms, subject to shareholder approval. The auditor's review report flagged several pending tax and land-related demands as emphasis-of-matter items, with no provision made in the books.
The sharp jump in Q1 profit despite lower revenue signals margin improvement and is mildly positive for the stock, though contingent liabilities from electricity tax, customs duty, income tax, and land matters worth over Rs. 12,000 lakhs remain a watchpoint. The re-appointment of the existing Managing Directors and a routine secretarial auditor change suggest leadership continuity with no governance disruption.