Re-Appointment of Cost Auditor and Internal Auditor
DCW · price
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DCW Limited's Board approved Q4 and full-year FY2026 audited results showing revenue of Rs 2,14,359 lakhs (up ~7% YoY) and net profit of Rs 4,817 lakhs (up ~60% YoY). The company also recommended a final dividend of Rs 0.20 per share (10% on face value Rs 2). Two key auditor reappointments were approved for FY2026-27: PKF Sridhar & Santhanam LLP as Internal Auditors and two Cost Auditors — R. Nanabhoy & Co. and N.D. Birla & Co. The statutory auditor, V. Sankar Aiyar & Co., issued an unmodified opinion. The board meeting lasted from 12:30 PM to 2:50 PM. Notable footnote disclosures include pending legal disputes: Tamil Nadu electricity tax demand of Rs 5,491 lakhs, customs duty claim of Rs 1,244 lakhs plus Rs 2,600 lakh penalty, and income tax demand of Rs 669 lakhs with Rs 2,893 lakh MAT credit reduction following a 2023 search operation.
The reappointment of existing auditors signals continuity and no governance concerns. Strong profit growth and dividend recommendation are positive signals for shareholders, though pending tax litigations remain a watch item.