Insecticides (India) Limited has informed the Exchange regarding Change in Auditors of the company.
INSECTICID · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Insecticides (India) Limited reported FY2026 standalone profit after tax of Rs 13,973.05 lakhs on revenue of Rs 2,14,000.98 lakhs, with auditors giving an unmodified opinion. Mrs. Nikunj Aggarwal resigned as Whole Time Director effective immediately with no material reasons cited beyond her resignation letter. The Board appointed Mr. Sanskar Aggarwal as Whole Time Director (Additional) for 5 years, subject to shareholder approval at the 29th AGM on August 12, 2026. Mr. Sanskar was also appointed to the wholly-owned subsidiary Kaeros Research Limited. Additionally, M/s T Jain & Associates was appointed as Internal Auditor for 5 years effective April 1, 2026. The Board also approved an Employee Stock Purchase Scheme 2026 allowing up to 2,00,000 equity shares for employees.
The resignation and immediate appointment of a new Whole Time Director with the same surname suggests a family succession on the board. The appointment is subject to shareholder approval at the AGM. Financial results were clean with no qualifications, indicating stable operations.