Re-appointment of Mr. K. Suryanarayanan as Cost Auditor of the Company for the Financial Year 2026-27 and Appointment of M/s PKF Sridhar & Santhanam LLP as Internal 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 reported FY2026 standalone revenue of Rs. 10,685 crore, up 26.5% YoY from Rs. 8,448 crore in FY2025. PAT grew 35.1% to Rs. 1,112 lakh from Rs. 823 lakh. Statutory auditors Deloitte Haskins & Sells LLP issued an unmodified (clean) opinion on the annual audited results. Q4 FY2026 standalone PAT was Rs. 398 lakh vs Rs. 270 lakh in Q4 FY2025. Exceptional item of Rs. 1,521 lakh was recognized from a land compensation order (HSVP, Gurugram) including Rs. 445 lakh principal and Rs. 1,076 lakh interest. A subsidiary PT Automotive Systems Indonesia was wound up during the year with a net gain of Rs. 20 lakh. New labour codes implementation increased employee benefit provisions by Rs. 318 lakh. Cost Auditor Mr. K. Suryanarayanan was reappointed for FY2026-27. M/s PKF Sridhar & Santhanam LLP appointed as new Internal Auditors for FY2026-27 (previously different firm). Two Independent Directors, Mr. Heramb R. Hajarnavis and Ms. Gangapriya Chakraverti, were re-appointed for a second 5-year term from August 10, 2026, subject to shareholder approval.
Strong financial performance with 26.5% revenue growth and 35.1% PAT growth signals healthy operational momentum. The exceptional item of Rs. 1,521 lakh is a one-time gain and does not reflect core business strength. Unmodified audit opinion removes key investor risk. The change in Internal Auditor firm warrants monitoring for reasons.