BSEDutron Polymers Ltd-$MediumNeutral
Announced Tue, 12 May · 17:50 IST

Board of Directors at their meeting held on today i.e. 12.05.2026 approved the Appointment of Cost Auditor and Internal Auditor of the Company for the F.Y. 2026-27.

Management Changes View source PDF

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AI summary

Dutron Polymers Limited's Board meeting on May 12, 2026 approved the appointment of M/S R J & Associates as Cost Auditor and Darshit Oza & Associates as Internal Auditor for FY 2026-27. The meeting also reviewed audited financial results for Q4 and full year ended March 2026, reporting total income of Rs. 9,250.62 Lakhs (down from Rs. 10,461.72 Lakhs YoY) and net profit of Rs. 270.25 Lakhs (vs Rs. 272.36 Lakhs previous year). The Board recommended a dividend of Rs. 1.5 per equity share. A note discloses an ongoing NCLT petition filed by promoters Mr. Sudip Patel, Mrs. Rachana Patel, and Mr. Nilay Patel alleging oppression and mismanagement, with proceedings currently under mediation.

Likely market impact

The company maintained stable profitability despite revenue decline. However, the pending NCLT case and AGM being held in abeyance due to promoter disputes present governance risks that shareholders should monitor closely. The appointment of auditors is routine and has no immediate share price impact.