GSP Crop Science Limited has informed the Exchange about appointment of Mahajan & Aibara LLP, as Internal Auditor of the Company for the Financial Year 2026-27.
GSPCROP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
GSP Crop Science reported strong FY26 results with standalone revenue of Rs 16,059 million (up 14% YoY) and profit before tax of Rs 1,189 million (up 17% YoY). The company 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 dividend of Rs 1 per share (10%) for FY26, subject to shareholder approval. A key management change occurred: CFO Mr. Shail Jayesh Shah stepped down from the CFO role effective May 31, 2026, and was re-designated as Executive Director - Strategy and Corporate Affairs, with Mr. Pranav Chitre appointed as new CFO from June 1, 2026. Additionally, Mahajan & Aibara LLP was appointed as Internal Auditor for FY27, and Dalwadi & Associates was reappointed as Cost Auditor.
The company delivered solid growth post-IPO with improved profitability. The CFO transition and re-designation of a key executive represents normal management evolution. The recommended dividend provides income to shareholders. Strong cash flows and the IPO proceeds position the company well for growth initiatives.