Appointment of Joint Statutory Auditor of the Company
GRASIM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Grasim Industries' Board meeting on 20th May 2026 approved the audited standalone and consolidated financial results for FY 2025-26. Standalone revenue from operations was ₹41,039.48 crore with net profit of ₹348.39 crore, up from ₹212.10 crore in the previous year. The Board recommended a dividend of ₹10 per equity share (500% on face value ₹2). As part of auditor transition, M/s Deloitte Haskins & Sells Chartered Accountants LLP has been appointed as Joint Statutory Auditor for 5 years from the 79th AGM, replacing BSR & Co. LLP whose term has concluded. KKC & Associates LLP continues as Joint Statutory Auditor. Key exceptional items include ₹47.86 crore impairment at Chemical Vilayat facility and ₹34.17 crore charge due to new Labour Codes.
Improved profitability and maiden appointment of Deloitte as auditor signals good governance practices. The dividend recommendation provides shareholder returns, while the appointment of a Big 4 firm as joint auditor may enhance investor confidence.