Appointment of Mahajan & Aibara LLP, internal auditor of the Company for FY 2026-27.
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The board meeting on May 26, 2026 approved multiple items including audited FY2026 results, a new internal auditor appointment, and CFO transition. For FY2026, standalone revenue grew 14% to Rs 16,059 million while consolidated net profit rose 15% to Rs 947 million with EPS of Rs 24.93. The company recently completed its IPO in March 2026 raising Rs 2,400 million through fresh issue of 75 lakh shares at Rs 320 each. The board recommended a 10% dividend (Rs 1 per share) subject to shareholder approval. Mr. Shail Jayesh Shah stepped down as CFO (effective May 31, 2026) and was re-designated as Executive Director - Strategy and Corporate Affairs. Mr. Pranav Chitre was appointed as new CFO effective June 1, 2026. Mahajan & Aibara LLP was appointed as internal auditor for FY2026-27, replacing any prior auditor.
Strong financial growth with 15% profit increase and successful IPO provides positive sentiment. The CFO transition and new internal auditor appointment represent routine governance changes but may attract investor attention to leadership continuity.