Gem Aromatics Limited has informed the Exchange regarding Change in Auditors of the company.
GEMAROMA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Gem Aromatics Limited held a Board Meeting on May 21, 2026, approving audited financial results for FY2026. The company reported standalone revenue of Rs 3,709.41 million (down from Rs 4,969.56 million in FY2025) and standalone profit after tax of Rs 267.09 million (down from Rs 568.54 million). The Board appointed Mr. Dinesh Vasu Thekkepanakkal as Additional Whole Time Director and Mr. Nandan Narula as Additional Independent Director. Additionally, M/s Y.R. Doshi & Associates was appointed as Cost Auditor for FY 2026-27. The company also noted that executive directors waived their remuneration for FY 2025-26 due to the challenging business environment. The IPO proceeds of Rs 1,628.63 million (net of expenses) have been fully utilized as per the prospectus.
Significant revenue and profit decline year-over-year may concern investors, though the appointment of new directors and cost auditor suggests efforts to strengthen governance. The waiver of director remuneration amid poor performance could be viewed positively for cost control.