Outcome of the Board Meeting held on May 20, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors approved the Standalone and Consolidated Audited Financial Results for Q4 and FY ended March 31, 2026. Total income stood at Rs 16,973.46 lakhs, marginally up from Rs 16,680.78 lakhs in the previous year. However, Profit After Tax declined to Rs 1,542.16 lakhs from Rs 1,848.77 lakhs in the prior year — a fall of approximately 16.6%. EPS dropped to Rs 4.48 per share from Rs 5.38. The decline is attributed to higher material costs, increased other expenses, and an additional charge of Rs 46.83 lakhs due to new labour codes effective November 2025. The Board also re-appointed Shah & Shah Associates as Internal Auditor and M/s. Divyesh Vagadiya & Associates as Cost Auditor for FY 2026-27. Separately, CFO Kunal Thakrar resigned effective May 29, 2026 for personal reasons. Statutory Auditors CNK & Associates LLP gave an unmodified opinion on the financial results.
The ~17% decline in net profit despite near-flat revenue is a concern and may exert downward pressure on the stock. The CFO's impending departure adds near-term uncertainty. The clean audit opinion provides some comfort on financial reporting quality.