Re-Appointment of Internal Auditors and Cost Auditors
FIEMIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Fiem Industries reported strong FY2025-26 results with standalone revenue of Rs 2,814 crore (up 16% YoY) and net profit of Rs 254 crore (up 24% YoY). EPS stood at Rs 96.46. The Board recommended a 400% dividend (Rs 40 per share). A significant development is the resignation of CEO and Whole-time Director Mr. Vineet Sahni, effective May 31, 2026, tendered on May 19, 2026. The company also re-designated and re-appointed multiple members of the promoter Jain family - Mr. Jagjeevan Kumar Jain (Executive Chairman), Mr. Rahul Jain (Managing Director), Ms. Aanchal Jain (Joint Managing Director), and Mrs. Seema Jain (Whole-time Director) - all subject to shareholder approval at the July 31, 2026 AGM. Internal auditor M/s V. Sachdeva & Associates and Cost auditor M/s Jay Narain & Co. were reappointed for FY2026-27.
The surprise resignation of the CEO without an immediate replacement announced may create uncertainty among investors. However, strong financial results and increased dividend provide support. The Jain family continues to strengthen control over the company's leadership.