outcome of the Board Meeting held on April 30, 2026
GHCLTEXTIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
GHCL Textiles Limited Board approved audited annual accounts and financial results for FY ended March 31, 2026 with an unmodified audit opinion from statutory auditors. The Board recommended a dividend of Rs. 0.60 per equity share (30% on Rs. 2 face value), payable after June 27, 2026 if approved by shareholders at the 6th AGM. A capital budget of Rs. 127.77 crore has been approved for FY 2026-27. Key change: the Board recommended appointment of Deloitte Haskins & Sells Chartered Accountants LLP as the new Statutory Auditor for 5 years from FY 2026-27 to FY 2030-31, subject to shareholder approval. Related party transactions were disclosed including shared services with GHCL Ltd, KMP compensation, and gratuity scheme contributions.
Unmodified audit opinion signals clean financials with no concerns. Dividend payout provides income to shareholders. Change in statutory auditor to a Big 4 firm (Deloitte) represents enhanced governance, though details on reasons for the auditor change are not specified.