Re-appointment of the Cost Auditors and the Internal Auditors of the Company for the Financial Year 2026-27
FINPIPE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Finolex Industries held its Board meeting on 26th May 2026 and approved the audited financial results for Q4 and FY ended March 2026. Standalone revenue from operations was ₹4,113.43 crore, marginally lower than ₹4,141.97 crore in the previous year. However, standalone PAT declined significantly to ₹580.34 crore from ₹777.86 crore in FY2025, largely due to an exceptional gain of ₹416.99 crore recorded in the previous year from transfer of leasehold land rights. The Board recommended a total dividend of ₹2.75 per equity share (including a special dividend of ₹0.75), subject to shareholder approval. The company re-appointed M/s. S. R. Bhargave & Co. as Cost Auditors and M/s. M M Nissim & Co LLP as Internal Auditors for FY 2026-27. Statutory auditors Walker Chandiok & Co LLP issued an unmodified (clean) opinion on both standalone and consolidated results.
The PAT decline appears significant at 25%, but this is largely due to a one-time exceptional gain in the previous year. On an underlying basis, pre-exceptional profit improved year-over-year. The clean audit opinion is positive for investor confidence. Short-term borrowings nearly doubled to ₹437 crore, which investors may monitor closely.