Intimation of reappointment of Statutory Auditors for a second term of 5 years and appointment of Cost Auditors for the FY 2026-27
DEEPAKFERT · price
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Deepak Fertilisers' Board approved audited Q4 and FY2026 results with standalone net profit of Rs 26,924 Lakhs (down 35% YoY) and consolidated net profit of Rs 73,876 Lakhs (down 22% YoY). Consolidated revenue grew 12% to Rs 11.5 lakh lakhs. The Board recommended dividend of Rs 10 per share (Rs 100% payout ratio). Key governance changes include reappointment of P G Bhagwat LLP as Statutory Auditors for a second 5-year term and appointment of Mr. Yeshil S. Mehta as Additional Director (Non-executive Non-independent) effective July 1, 2026. Mr. Sailesh C. Mehta (CMD) will now also head Deepak Mining Solutions Limited (wholly-owned subsidiary) while stepping down as MD of Mahadhan AgriTech Limited.
Declining profitability despite revenue growth may concern investors; dividend provides some income support. Appointment of a Mehta family member to the board could signal continued promoter involvement in governance.