Appointment of M/s Dalwadi & Associates, Cost Auditor for the FY 2026-27.
GSPCROP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
GSP Crop Science Limited held its Board Meeting on May 26, 2026, approving audited standalone financial results for FY 2025-26 with revenue of Rs. 16,276.08 million (up from Rs. 14,260.12 million) and net profit of Rs. 1,188.85 million (up from Rs. 1,015.88 million). Consolidated net profit stood at Rs. 947.11 million. The Board recommended a final dividend of Rs. 1.00 per share (10%) for FY 2025-26, subject to shareholder approval at the AGM. The company also appointed Mahajan & Aibara LLP as Internal Auditor and re-appointed M/s Dalwadi & Associates as Cost Auditor for FY 2026-27. Additionally, Mr. Shail Jayesh Shah stepped down as CFO (effective May 31, 2026) and was re-designated as Executive Director - Strategy and Corporate Affairs, while Mr. Pranav Chitre was appointed as the new CFO effective June 1, 2026. The company also completed its IPO in March 2026, raising Rs. 2,400 million.
Positive signals include strong revenue and profit growth, maiden dividend recommendation post-IPO, and adequate cash reserves of Rs. 1,538.25 million. The CFO transition represents a routine management change. The appointment of cost auditors is standard compliance and has no adverse implications for shareholders.