Appointment of Internal Auditors for Financial Year 2026-27
DEEPINDS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Deep Industries Ltd reported strong FY2025-26 results with standalone total revenue of Rs 1,19,943 lakhs, up 59% from Rs 75,585 lakhs in FY2024-25. The company swung from a standalone loss of Rs 11,543 lakhs to a profit of Rs 9,741 lakhs. EPS stands at Rs 15.23 per share (vs negative EPS previously). A one-time exceptional write-off of Rs 20,829 lakhs was recorded for legacy trade receivables from the Kandla Energy & Chemicals Limited (KECL) merger. The Board recommended a final dividend of Rs 2.50 per share (50% on Rs 5 face value), subject to shareholder approval. M/s Manubhai & Shah LLP was reappointed as Internal Auditor for FY2026-27. Auditors gave an unmodified opinion on the financial statements.
The company showed a strong turnaround with near-doubling of revenue and return to profitability. The large exceptional write-off is non-recurring and reflects conservative accounting post-merger. The dividend signals management confidence, and clean audit opinion is positive for investor sentiment.