Fiem Industries Limited has informed the Exchange regarding Change in Auditors of the company.
FIEMIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Fiem Industries Limited held a Board Meeting on May 30, 2026, approving multiple items including audited financial results for Q4 and FY2025-26 (standalone net profit of Rs 253.88 crore, consolidated net profit of Rs 255.58 crore), recommending a final dividend of Rs 40 per share (400%), and several key leadership changes. The resignation of CEO and Whole-time Director Mr. Vineet Sahni was accepted effective May 31, 2026. The Board approved re-designation of Mr. Jagjeevan Kumar Jain as Executive Chairman and Mr. Rahul Jain as Managing Director, along with re-appointments of other family directors. Internal Auditor (M/s V. Sachdeva & Associates) and Cost Auditor (M/s Jay Narain & Co.) were re-appointed for FY 2026-27. The statutory auditor remains Anil S. Gupta & Associates, who issued an unmodified opinion on the financial statements.
The company delivered strong full-year results with ~24% YoY profit growth. The CEO's sudden resignation effective end of May 2026 is a notable governance event requiring monitoring, while the Jain family consolidation of board leadership continues. The re-appointment of existing auditors indicates continuity rather than any concerns.