GSP Crop Science Limited has informed the Exchange about re-appointment of Cost Auditors for FY 2026-27
GSPCROP · price
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GSP Crop Science Limited reported strong FY2026 results with standalone revenue of Rs. 16,059.06 million (up 14% YoY) and net profit of Rs. 216.09 million. Consolidated net profit was Rs. 947.11 million. The Board recommended a final dividend of Rs. 1.00 per share (10% payout) subject to shareholder approval at the AGM. Key leadership changes include Mr. Shail Jayesh Shah being re-designated from CFO/Whole Time Director to Executive Director - Strategy and Corporate Affairs effective June 1, 2026, with Mr. Pranav Chitre appointed as new CFO from the same date. The company also re-appointed Dalwadi & Associates as Cost Auditor and appointed Mahajan & Aibara LLP as Internal Auditor for FY 2026-27. The company completed its IPO in March 2026 (raised Rs. 2,400 million), with Rs. 1,072.64 million of proceeds utilized so far, primarily for debt repayment (Rs. 965 million) and general corporate purposes (Rs. 107.64 million). Statutory auditors issued unqualified opinion on both standalone and consolidated financials.
Strong revenue growth and maiden dividend post-IPO signals improving shareholder returns. Leadership transition to new CFO and strategic re-designation of outgoing executive indicate management shuffle. Unutilized IPO proceeds of Rs. 1,130.53 million provide future deployment flexibility.