India Nippon Electricals Limited has informed the Exchange regarding Change in Auditors of the company.
INDNIPPON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
India Nippon Electricals reported Q1 FY26 standalone revenue of Rs. 22,470 lakhs, up about 20% from Rs. 18,655 lakhs in Q1 FY25, with profit after tax rising to Rs. 2,330 lakhs (vs Rs. 1,812 lakhs) and basic EPS of Rs. 10.30 (vs Rs. 8.01). Total income stood at Rs. 23,667 lakhs and profit before tax at Rs. 3,054 lakhs, with expenses well controlled. The board approved the appointment of M/s S.A.E. & Associates LLP as the new Secretarial Auditor for a 5-year term (FY26–FY30), subject to shareholder approval, while statutory auditor Deloitte Haskins & Sells LLP continues. Mr. K Kanakaraju was appointed as Chief Technology Officer (D) and Senior Management Personnel, bringing 35+ years of R&D and product development experience. The 40th AGM is scheduled for September 19, 2025, and subsidiary PT Automotive Systems Indonesia was wound up, yielding a small Rs. 20 lakh gain.
Strong YoY growth in both revenue and profits signals healthy operating momentum for shareholders. The CTO appointment strengthens the technology leadership bench, and the routine auditor change is a fresh appointment, not a resignation – overall a positive, low-risk update.