Appointment of Internal Auditor
INSECTICID · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Insecticides (India) Ltd reported FY2026 standalone revenue of Rs 2,00,949 lakhs, nearly flat versus FY2025's Rs 1,99,995 lakhs. Net profit after tax for standalone stood at Rs 13,971 lakhs, marginally lower than FY2025's Rs 13,977 lakhs. Consolidated revenue grew to Rs 2,14,001 lakhs from Rs 1,99,995 lakhs. The Board approved an Employee Stock Purchase Scheme 2026 with up to 2,00,000 equity shares, subject to shareholder approval. Mrs. Nikunj Aggarwal resigned as Whole Time Director, and Mr. Sanskar Aggarwal was appointed as Whole Time Director (Additional) for 5 years. M/s T Jain & Associates was appointed as Internal Auditor for 5 years effective April 1, 2026. Both joint statutory auditors issued an unmodified (clean) opinion on the financial statements. The 29th AGM is scheduled for August 12, 2026.
Revenue remained flat while profit after tax declined slightly year-over-year on both standalone and consolidated basis. The appointment of a new internal auditor and leadership changes are routine administrative matters with limited near-term impact on stock price.