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 held on 20th May 2026 approved multiple items including audited financial results for FY 2025-26. The company reported standalone revenue from operations of ₹41,039 crore, up 30% from ₹31,563 crore in the previous year. Net profit stood at ₹348 crore versus ₹212 crore year earlier. The Board recommended a dividend of ₹10 per equity share (500% on face value ₹2), subject to shareholder approval at the AGM. Regarding auditor changes, M/s Deloitte Haskins & Sells Chartered Accountants LLP has been appointed as Joint Statutory Auditor for 5 years, replacing M/s BSR & Co. LLP whose second term concludes at the 79th AGM. KKC & Associates LLP continues as the other Joint Statutory Auditor. Additionally, BlackRock's GIP invested ₹1,000 crore in subsidiary Aditya Birla Renewables Limited in April 2026.
The appointment of Deloitte as joint auditor follows a routine rotation and brings no immediate shareholder concerns. Strong revenue growth of 30% YoY and improved profitability are positive signals, though standalone Q4 FY26 showed a loss of ₹164 crore due to exceptional items. The dividend and investment developments should be viewed favorably by investors.