The Board of Directors of the Company have at its Meeting held today, inter alia: (i) based on recommendation of the Audit Committee, approved the Audited Financial Statements (Standalone ....
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Everest Kanto Cylinder's Board approved the Audited Financial Statements (Standalone and Consolidated) for FY2025-26 and Q4 results ending March 31, 2026. The Board recommended a Final Dividend of ₹0.70 per share (35% on face value of ₹2) for FY25-26, subject to shareholder approval at the 47th AGM. Additionally, the Board appointed Mr. N. P. Gupta as CEO effective July 1, 2026. Statutory Auditors M/s. Suresh Surana & Associates LLP have issued an unmodified opinion on the financial results, indicating clean audit findings with no qualifications.
The unmodified audit opinion suggests no significant concerns from auditors regarding financial statements. The 35% dividend payout signals management confidence in the company's financial health and provides direct returns to shareholders.