Indef Manufacturing Limited has informed the Exchange regarding Change in Auditors of the company.
BAJAJINDEF · price
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Indef Manufacturing Limited held its Board meeting on May 25, 2026, approving audited financial results for Q4 and FY ended March 31, 2026. Standalone net profit declined to Rs. 2,605.10 lakhs from Rs. 3,423.92 lakhs YoY, while consolidated net profit (including newly acquired subsidiary Daedalus Lift) stood at Rs. 2,362.83 lakhs. Auditors Kanu Doshi Associates LLP issued an unmodified opinion. The Board recommended a final dividend of Rs. 2 per share (200%) for FY26, subject to shareholder approval at the August 12, 2026 AGM. Two new directors were appointed: Shri Mahendrakumar Gohel (Independent) and Smt. Pooja Bajaj (Non-Executive Non-Independent), who is the daughter-in-law of Chairman Shekhar Bajaj. M/s. Aatish Dhatrak & Associates was appointed as Cost Auditor for FY27, and the Risk Management Committee was dissolved.
Declining profits and one-time labor code impact (Rs. 61.44 lakhs exceptional item) may weigh on sentiment, though consistent dividend payout and new independent director appointment provide governance stability.