Donear Industries Limited has informed the Exchange regarding Change in Auditors of the company.
DONEAR · price
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Donear Industries reported Q1 FY26 (quarter ended June 30, 2025) standalone revenue from operations of Rs 19,631.61 lakhs, broadly flat compared to Rs 19,900.11 lakhs in Q1 FY25. Net profit stood at Rs 880.98 lakhs (vs Rs 878.55 lakhs), with EPS of Rs 1.69. Statutory auditors Kanu Doshi Associates LLP issued an unmodified limited review opinion. The Board also approved a dividend of Rs 0.20 per share (10% on face value of Rs 2) with record date September 20, 2025, subject to shareholder approval at the AGM on September 27, 2025. M/s M. L. Bhuwania & Co. LLP has been appointed as the new statutory auditor for a five-year term, and M/s Yogesh Sharma & Co. as secretarial auditor for FY 2025-26 to FY 2029-30. Company Secretary and Compliance Officer Mrs. Sejal Shah resigned effective August 14, 2025, citing personal reasons.
The Q1 results show steady profitability with no major surprises. The auditor change appears to be a routine rotation upon expiry of the current auditor's term at the upcoming AGM rather than a mid-term resignation. Investors should note the departure of the Company Secretary and watch for any disclosure of reasons beyond 'personal reasons' that could hint at governance concerns.