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.
India Nippon Electricals Limited's Board Meeting on May 28, 2026 approved the audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026. Total income stood at Rs. 1,09,908 lakh (standalone) for FY26 vs Rs. 87,462 lakh in FY25, with net profit of Rs. 11,126 lakh vs Rs. 8,203 lakh. The company reported an exceptional item of Rs. 1,521 lakh from land compensation by HSVP. The Board also reappointed Mr. K Suryanarayanan as Cost Auditor and appointed M/s PKF Sridhar & Santhanam LLP as Internal Auditors for FY 2026-27. Two Independent Directors — Mr. Heramb R Hajarnavis and Ms. Gangapriya Chakraverti — were approved for second terms of five years each, subject to shareholder approval at the AGM on July 30, 2026. Note: The headline mentions 'Change in Auditors' but no change in statutory auditor was made; Deloitte Haskins & Sells LLP continues and issued an unmodified opinion.
Strong financial performance with ~35% rise in net profit and exceptional income from land compensation. Re-appointment of experienced independent directors and appointment of a new internal audit firm indicates continued focus on governance and oversight. The headline claim of 'Change in Auditors' is inaccurate — no statutory auditor change occurred.